CPP Investment Board
The Canada Pension Plan Investment Board (CPPIB) manages, as of June 30, 2012, over $165.8 billion in investment assets for the Canada Pension Plan on behalf of eighteen million Canadians.
Under the direction of the then Canadian Finance Minister Paul Martin, the CPP Investment Board was created in 1997 as an organization independent of the government to monitor and invest the funds held by the Canada Pension Plan (CPP). In turn, the CPP Investment Board created the CPP Reserve Fund. The CPP Investment Board is a crown corporation created by an Act of Parliament. It reports quarterly on its performance, has a professional management team to oversee the operation of various aspects of the CPP reserve fund and also to plan changes in direction, and a board of directors that is accountable to but independent from the federal government.
Read more about CPP Investment Board: History, Mandate, Investments, Growth and Strategy, Performance, Criticism
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