CPP reaches record high in fiscal 2011

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CANADA - The Canada Pension Plan (CPP) ended the fiscal year with a C$20.6bn ($21bn) increase in assets under management, marking an all-time high for the fund.

Assets rose from C$127.6bn at the end of fiscal 2010 to C$148.2bn on March 31, consisting of C$15.5bn in investment income and C$5.4bn in net CPP contributions. The portfolio returned 11.9% for fis...

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