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Annual Report 2006
 
Who We Are
Financial Highlights
Messages
Chair's Report
President's Message
Key Objectives
MD&A
Financials/Notes
Governance
Seven-Year Review
 
  Messages  
     
  Key Corporate Objectives of Fiscal 2006  
 

We publish a statement in the annual report of our objectives for the past year and the extent to which they have been met. We also publish our objectives for the coming year and the foreseeable future. You will find the Corporate Objectives for Fiscal 2007 in the MD&A PDF.

  
     
 
         
CPP fund diversification   Further diversify the portfolio with increased focus on real return assets   Highlights
Increased real return assets from 1.2 per cent of portfolio to 8.7 per cent
Invested $3 billion in high-quality real estate and $4 billion in inflation-linked bonds
Completed first infrastructure co-investment
Increased global equity exposure while maintaining sizeable portfolio commitment to Canada
         
 
 
         
Investment capabilities   Expand investment capabilities in key areas including trading, portfolio management, private markets, research and risk management   Highlights
Appointed vice-presidents for Portfolio Design and Risk Management, Private Investments and Real Estate Investments
Developed the CPP Reference Portfolio
Created internal team to invest alongside private equity partners
Prepared to launch active internal management of U.S. equities
Added 10 investment partners
Created external mandates for global REITs and inflation-linked bonds
Expanded active overlay program for passive public equity portfolio
         
 
 
         
Technology
and business processes		   Define and begin implementation of the technology and business processes required to support expanding activities   Highlights
Developed integrated data repository
Began implementing permanent IT structure and business processes keyed to organization's planning horizon and total portfolio approach
         
 
 
         
Human resources   Augment HR systems and processes   Highlights
Appointed the first vice-president, Human Resources
Added 63 staff, many with international experience
         
 
 
         
Corporate strategy   Revisit corporate strategy in light of repeal of the foreign property rule   Highlights
Transitioned public equity portfolio from complex structure no longer needed to meet foreign content constraints
Reaffirmed use of global diversification and total portfolio approach to enhance returns and reduce risk
Decided to base accountability on creating value above returns that would be achieved by the CPP Reference Portfolio