CPPIB ekes out 1.1% return on investments in Q3 despite December downturn

TORONTO — Canada Pension Plan Investment Board says it was able to overcome a general downturn on stock markets near the end of 2018 to record a 1.1 per cent return in its third quarter.The investment manager for the Canada Pension Plan said its CPP Fund had $368.5 billion of assets at Dec. 31 — up $200 million from the quarter ended Sept. 30. The increase was after $3.8 billion in net cash outflows to the CPP during the quarter, which offset most of the $4 billion of net income achieved by CPPIB through its investment activities.Chief executive Mark Machin says that broad declines in global stock markets created a challenging investment environment during the quarter, especially in DecemberBut Machin added that CPPIB benefited from its diversified investment portfolio and the positive impact of a decline in the Canadian dollar compared with other major currencies, which increased the relative value of its foreign investments.CPPIB’s annualized net real rate of return over 10 years — which adjusts for inflation — was 8.2 per cent. The Canadian Press read more

DJ ordered in court for harassing singer

A DJ of a popular radio station operating from the World Trade Center has been ordered to appear in court over harassment charges.The order was issued by the Fort Magistrate yesterday following a complaint lodged by singer Umariya Singhawansa. Umariya is a vocalist attached to the outfit headed by popular singers Bathiya and Santhosh. According to the complaint lodged with the police, the radio DJ identified as Ramsy Jayanoor, had attempted to drag Singhawansa away when she was heading towards her car near the World Trade Center. The Fort Magistrate ordered Jayanoor to appear in court on December 14 to face the charges raised against him. read more