CPPIB eyes seven-fold rise in Asia exposure

Canada’s second largest pension plan may increase its allocation to Asian assets by as much as 700% over the next two decades, although the size and speed of the increase will depend on a number of factors. “We have a long-term mandate so we have to have a long-term perspective,” said Mark Machin, president of the Canada Pension Plan Investment Board this week at the FT Asset Management Summit in Hong Kong. There is little doubt that “Asia will get bigger and a lot more important”…