The Canada Pension Plan Investment Board, which manages the country's national pension fund, said on Thursday its assets under management rose to a record C$148.2 billion ($152.8 billion) in fiscal 2011. The fund manager said its portfolio returned 11.9 percent for the year ended March 31, compared with a 14.9 percent return in the year-earlier period. CPPIB and other Canadian pension fund administrators used long-term investment horizons -- as far out as 50 or 75 years in some cases -- to scoop up cheap assets in the wake of the global financial crisis. In calendar 2010, acting in conjunction with Onex Corp (OCX.TO), CPPIB was involved in the largest global private equity deal of the year, with the C$5.0 billion leveraged takeover of Tomkins Plc TOMK.L, a British maker of car parts, industrial hoses and bath tubs. It was the second year running that CPPIB has been in on the largest global private equity deal of the year.
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