PSP Hunts for More Canada Deals as Assets Surge to $220 Billion

Canada’s Public Sector Pension Investment Board is looking to deploy more capital in its home country after years of global expansion that has pushed its investment portfolio to C$300 billion ($220 billion).

The pension manager posted a 12.6% return, outperforming its benchmark for the fiscal year ended March 31, according to its annual report released Friday. Investments in public equities — the pension fund’s largest asset class — notched a 15.1% gain, while infrastructure earned 17.8%.