Maple Eight
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The Maple Eight (Maple-8) refers to the largest eight Canadian pension funds. The investment approach used by the Maple-8 is known globally as the 'Canadian model', in which they utilize a direct investment approach and internally manage their own assets and portfolios. Collectively, the pension funds control approximately $2.2T [1] in assets, and are heavily influential in Canadian and global investment markets.
| Pension Plan | Acronym | Est. | Sponsor | Crown Corp | AUM[3][4] |
|---|---|---|---|---|---|
| Canada Pension Plan Investment Board | CPPIB | 1997 | Federal & Provincial | Y | $675.1B [5](November 2024) |
| Public Sector Pension Investment Board | PSP | 2000 | Federal Government | Y | $264.9B
(December 2024) |
| Caisse de depot et placement du Quebec | CDPQ | 1965 | Government of Quebec | Y | $434.0B
(December 2023) |
| Alberta Investment Management Corp. | AIMCo | 2008 | Government of Alberta | Y | $160.6B
(2023) |
| British Columbia Investment Management Corp. | BCImc | 1999 | Government of British Columbia | Y | $233.0B
(March 2023) |
| Ontario Teachers Pension Plan | OTPP | 1990 | Government of Ontario & Ontario Teacher's Federation | N | $247.5B
(2023) |
| Healthcare of Ontario Pension Plan | HOOPP | 1960 | Ontario Hospital Association and Unions | N | $112.6B
(2023) |
| Ontario Municipal Employees Retirement System | OMERS | 1962 | Various government agencies and union in Ontario | N | $128.6B
(2023) |
Canadian Allocations
[edit]There has been much focus on the Maple-8's allocation to Canadian investments. Although the federal government is not involved in the operation or investment strategies of these funds, they have expressed a desire to allot more capital to Canadian investments, with suggestions of a minimum allocation. Pensions argue that their global investment strategies allow them to stabilize their returns, discovering alpha in other markets and hedge against any volatility in the Canadian market, while bringing international capital into Canada.[6] [7]
References
[edit]- ^ "Canada's Maple 8 public pension funds share lessons with U.K. counterparts". Pensions & Investments. 2025-03-13. Retrieved 2025-03-13.
- ^ Campbell, Kyle (2024-06-30). "Deep Dive: Canada's Maple 8 hit an inflection point". PERE. Retrieved 2025-03-13.
- ^ O'Leary, Katie (2025-02-13). "The Success of the Canadian Model and Maple 8". Chronograph. Retrieved 2025-03-19.
- ^ bmcgovern (2024-06-21). "How the investment strategies of the Maple 8 impact the decisions of medium- and small-sized plan sponsors". Benefits Canada.com. Retrieved 2025-03-19.
- ^ "Home". CPP Investments. Retrieved 2025-03-13.
- ^ News, Bloomberg (2025-03-11). "'Buy Canada' hits $2.3 trillion money pot as Trump stokes anger". BNN Bloomberg. Retrieved 2025-03-19.
{{cite web}}:|last=has generic name (help) - ^ "Home Bias: Do Canadian Pensions Need to Invest More in Canada?". Chief Investment Officer. 2024-06-14. Retrieved 2025-03-19.
- ^ "The Canadian model". www.hymans.co.uk. Retrieved 2025-03-19.