SWF Radar

The Globe and Mail’s Steetwise Blog wrote Wednesday that, “With long time horizons and an increasingly sophisticated staff, the CPPIB is now moving against the crowd where it sees opportunities. In the fall, that meant buying high quality asset-backed securities at a time when many investors were dumping. Now, the CPPIB is taking advantage of banks that are desperately trying to avoid mark-to-market losses. Buying leveraged loans is a perfect strategy for the CPPIB, as the fund understands this market from both a debt and private equity point of view.”