CAAT Pension Earns 8.4% as Stock Gains Outweigh Weak PE Returns

CAAT Pension Plan earned 8.4% last year as buoyant stock performance outweighed soft returns in the fund’s private market portfolio.

The gains, which pushed assets to C$25.4 billion ($18.6 billion), were below the benchmark of 11.2%. That was driven “almost entirely” by the pension plan’s private equity allocation, which returned 1.5% compared to its benchmark of 19.6%, according to CAAT’s annual report published Thursday.