Archive for November 17th, 2009
Hey Canada, can you spare $15.7 billion?
17 November 2009$15.7 billion sounds like a lot of “scratch”, as a pro golfer might say. Is that the annual budget for some Provinces and States? Perhaps. In this context, we’re talking the unfunded liability currently being carried by the CPP Investment Board’s private equity program.
The CPPIB fund is sitting on assets of $123.8 billion, and 26.8% [...]