LRW Honors Amtrak’s Acheson As Railway Woman Of The Year
From Editor-In-Chief Foran: Of Gender Equity And Inclusion
Spotlight On Some Of Today’s Rail Safety Products
Women of Influence in Rail eBook
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry
Stay updated on news, articles and information for the rail industry
railPrime
Rail News Home
Rail Industry Trends
Rail News: Rail Industry Trends
6/24/2003
Rail News: Rail Industry Trends
CPR outsources management of pension fund's Canadian equities
advertisement
On June 23, Canadian Pacific Railway announced it selected seven firms to manage Canadian equity and bond portfolios in the railroad's pension fund.
The fund retains about $3.7 billion in total assets, including $2 billion in Canadian equities and bonds, $1.2 billion in foreign equities, and $500 million in real estate and mortgage investments.
CPR subsidiary Canadian Pacific Investment Management Limited (CPIM) previously managed the Canadian equity and bond portfolios. Because the Class I wants to focus on its core railroad business, CPR decided to seek external fund managers, according to a prepared statement.
Although CPIM will continue to manage the fund's real estate and mortgage investments, CPR is "examining alternatives" for managing that component, as well as the fund's foreign equities.
The fund retains about $3.7 billion in total assets, including $2 billion in Canadian equities and bonds, $1.2 billion in foreign equities, and $500 million in real estate and mortgage investments.
CPR subsidiary Canadian Pacific Investment Management Limited (CPIM) previously managed the Canadian equity and bond portfolios. Because the Class I wants to focus on its core railroad business, CPR decided to seek external fund managers, according to a prepared statement.
Although CPIM will continue to manage the fund's real estate and mortgage investments, CPR is "examining alternatives" for managing that component, as well as the fund's foreign equities.
