Why, Where and How? CPP Investments' Heather Tobin on Building One of the World's Largest Hedge Fund Portfolios
Heather Tobin, Senior Managing Director of CPP Investments, discusses; the evolution of the $4–5 trillion global hedge fund industry, why higher interest rates and volatility have revived opportunities for alpha generation, balancing external hedge fund allocations with internal systematic strategies, the role of market-neutral strategies in portfolio diversification, why CPP Investments remains highly confident in Canada.
Among the world's super-allocators sits a Canadian institution whose scale and investment approach are a powerful counterpoint to the passive-rules-all narrative.
Managing nearly $900 billion, CPP Investments is also one of the world's largest allocators to hedge funds, an area many of its peers have been reluctant to embrace.
In this episode Heather discusses the changed topography of the Hedge Fund World. She explains their approach to diversification, conviction, manager selection, liquidity, fees and how CPP calibrates risk
She discusses how this allocation is married within the total portfolio, their red lines, why a manager might be included or excluded and the usual length of investment once made
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