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.
The Money Maze Podcast is kindly sponsored by J.P. Morgan Asset Management*, IFM Investors, World Gold Council and LSEG.
*During the episode we cite J.P. Morgan Asset Management as Europe’s leading active ETF provider by assets under management. This is sourced from J.P. Morgan Asset management and Bloomberg, data as of 30 March 2026.