CPP Investments spends billions of dollars to outperform the market. The problem is, it hasn’t

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It’s official: Canadians would have an extra $42.7 billion in our national pension plan, had CPP Investments — Canada’s national pension plan investment arm — followed a simple passive investment strategy and bought low-cost stock and bond index funds instead of trying to outsmart the market.

CPP Investments boasts eight offices across the globe, more than 2,000 talented employees, performance-based compensation, executives earning millions of dollars, aggressive international tax planning, tax exemptions on Canadian investments, partnerships with several of the world’s most prestigious private equity firms and hedge funds, and oversight by a professional board of directors including some of Canada’s most celebrated business executives.

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