CPP Investments

“Partner with the best. Internalize where one has a real cost advantage. And at the end of the day, we're solving for net returns. And so when everything shakes out, we'll have higher net returns.”

“We have the offices to get differentiated access. It's not to get beta. We can get beta from screens in Toronto. We can get beta through swaps and ETFs. We need alpha. We open the offices to get alpha.”

“One of my biggest investment pet peeves is a belief, a tendency that you can diligence a bad investment into a good investment. That if you just do enough diligence and keep working at it, that you can figure out a way to make it work. You get too committed ea…”

“If you're gonna build a reasonably sized portfolio in India, you should have feet on the ground in India. Flying in and out is often not a recipe for success.”

“One of my personal investment beliefs is that you want to have a really wide funnel and see as many opportunities as possible. You want to have as many opportunities to say no as you can.”