CMF invests assets globally in public equities, fixed income securities, currencies, commodities and derivatives, and manages the engagement of investment managers and co-investments in public market securities. CMF is also responsible for managing the Fund’s collateral, financing and trading needs.
CMF’s activities can be categorized into three major areas:
- Managing the Fund’s overall public market exposures in close cooperation with the Total Portfolio Management team under the supervision of the Investment Planning Committee. This includes managing total Fund liquidity and CPP Investments’ secured and unsecured debt programs.
- Harvesting a diversified portfolio of risk premia to earn sustainable and scalable investment income.
- Using CPP Investments’ comparative advantages to generate alpha in a variety of systematic and discretionary investment programs. This encompasses our Strategic Tilting program, which deviates from the Fund’s strategic asset allocation targets when we believe there is a disparity between current market pricing and long-term fundamental values.
Teams within CMF
External Portfolio Management
External Portfolio Management (EPM) creates value by engaging external managers whose strategies and expertise complement the overall CPP Investments portfolio.
Financing, Collateral & Trading
Financing, Collateral & Trading (FCT) manages CPP Investments' public market equity and fixed income balancing portfolios, as well as the Fund’s total liability requirements.
Macro Strategies
Macro Strategies (MS) manages the discretionary investment programs for the Capital Markets & Factor Investing department.
Quantitative Strategies & Risk Premia
The Quantitative Strategies and Risk Premia (QSRP) group manages quantitative alpha and risk premia exposures.
Research & Innovation Group
The Research and Innovation Group (RIG) focuses on the research and development of systematic and quantitative factors and strategies, across sources of investment returns, ranging from risk premia to alpha at multiple horizons.
Our Capital Market Holdings
We are invested globally across public equities, fixed income securities, currencies, commodities and derivatives.
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