Turbulence tempers Canada pensions’ push into Asia

While many global institutions are eyeing higher allocations to Asia, Canada’s heavyweight public pension schemes have been leading the charge. Yet the turmoil roiling global markets this year has given even this group of truly long-term investors pause for thought. Canada’s three largest retirement funds – Canada Pension Plan Investment Board (CPPIB), La Caisse de Depot et Placement du Quebec (CDPQ) and Ontario Teachers’ Pension Plan – hold at least $70 billion of assets in the r…