Canada Pension Plan managed assets jump in quarter

* Ends fiscal quarter at C$138.6 billion

* Increase due to C$8.4 bln in investment returns

* Global equity markets boost performance

TORONTO, Nov 10 (BestGrowthStock) – Canada Pension Plan Investment
Board, the manager of the country’s national pension fund, said
on Wednesday assets under management rose nearly 7 percent in
its fiscal second quarter, driven mostly by investment
returns.

For the quarter ended Sept 30, CPPIB said assets at the end
of the quarter rose to C$138.6 billion, including C$0.5 billion
in contributions and C$8.4 billion in investment returns.

The pension fund manager said in a statement that results
in the quarter primarily reflected a strong performance in the
global equity markets.

“All major equity market indices realized gains this
quarter, in particular U.S. markets, which posted their best
September results in 70 years,” said David Denison, chief
executive of CPPIB.

CPPIB is vying for top spot among Canadian pension fund
managers that emerged from recession bigger and stronger than
before, helped by long-term investment horizons that allowed
them to ride out much of the market plunge in 2009.

That is also what helped it participate in some of the
largest global private equity deals of 2009 and in the current
year.

($1=$1.00 Canadian)

(Reporting by Pav Jordan; Editing by Frank McGurty)

Canada Pension Plan managed assets jump in quarter