Canada Pension Plan Readies 'In-House' Hedge Fund

Feb 11 2014 | 10:06am ET

Canada's national retirement system plans to launch an in-house hedge fund, led by an Invesco and Partner Fund Management veteran.

The new division, which will be based in the Canada Pension Plan Investment Board's London office, will have four to five managers running a long/short strategy in Europe, the Middle East and Africa, Financial News reports. It will be led by Dureka Carrasquillo, who has joined the CPPIB from family office Tranberg Capital Management.

"There is a team in Toronto that does this," Alain Carrier, CPPIB's head of Europe, told FN. "We think European equities remain very attractive. It is in the context of us building out our London office; the one set of our business that has not been present is the public side."

CPPIB, which manages C$193 billion (US$175 billion), currently has about 60 staffers in London, a number Carrier expects to "grow substantially." The pension is also growing elsewhere, having opened offices in New York and Brazil last month.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...