Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsCanada's largest pension fund reports strongest quarterly net income on recordCPPIB had a quarterly net return of 7.5%, which was the highest since the fourth quarter of 2015Last updated 41 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.The Canadian Pension Plan Investment Board said net income for the quarter ending June 30 was $60.2 billion and its net assets increased to $863.6 billion from $793.3 billion in the previous quarter when including $10.1 billion in net transfers from the Canada Pension Plan. Photo by Getty ImagesThe Canadian Pension Plan Investment Board (CPPIB) reported its largest-ever quarterly net income on Friday as the pension fund manager posted gains through a broad range of investments.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe fund’s net income for the quarter ending June 30 was $60.2 billion and its net assets increased to $863.6 billion from $793.3 billion in the previous quarter when including $10.1 billion in net transfers from the Canada Pension Plan.“While a strong quarter is welcome, a single quarter isn’t how we measure success,” CPPIB chief executive John Graham said in a statement on Friday. “Our focus remains on delivering the long-term investment performance required to help sustain the Canada Pension Plan for generations of contributors and beneficiaries.”Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe fund had a quarterly net return of 7.5 per cent, which was the highest since the fourth quarter of 2015. It also generated a 10-year annualized net return of 9.4 per cent.The fund’s quarterly growth was due to strong performances in sectors related to artificial intelligence, public equities and the energy sector, as well as an improving investor sentiment in general, CPPIB said.Fixed-income investments also contributed to returns, as did foreign exchange movements, primarily from a stronger United States dollar, it said.“Our investment portfolio remains well positioned to benefit from favourable public equity market performance, with meaningful contributions across our globally diversified portfolio,” Graham said.During the quarter, CPPIB invested US$1.75 billion to support global investment firm EQT AB’s strategy to build AI infrastructure and committed $1 billion to acquire a majority stake in Tarchon Energy’s 1.4-gigawatt subsea and online power link between Germany and the United Kingdom.In May, Graham said the Canadian government’s newly created sovereign wealth fund and its openness to the privatization of large assets such as airports could present interesting investment opportunities for Canada’s largest pension fund.“Airports, pipelines, other types of infrastructure, these are well-established assets for institutional investors such as us, and we have all those assets in the portfolio today in some form,” he said at the time. “These are assets that would generate a lot of interest from institutional investors.”However, if Ottawa hopes to attract interest from institutional investors such as CPPIB, Graham said it’s crucial for the government to clearly articulate what the investments are intended to “solve” and ensure pensions are given sufficient control.“If you’re coming in with large amounts of capital, you’d want to have some governance rights and ability to control your own destiny,” he said on Thursday. “So the devil’s in the details. We’re hopeful that this will all get fleshed out in the near term and (we’ll) be able to see some interesting opportunities.” Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.