Canada Pension Plan Readies 'In-House' Hedge Fund

Feb 11 2014 | 11:06am 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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.