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Message: $122 Billion Canadian Pension Plan Investment Board holds Kimber

$122 Billion Canadian Pension Plan Investment Board holds Kimber

posted on Jun 02, 2008 07:50PM

This is interesting:

The CPP Investment Board is managed independently of the Canada Pension Plan by experienced investment professionals to help sustain the future pensions of 17 million Canadians. Our role is to invest the CPP Fund to maximize returns without undue risk of loss.

This organization made a $ 2 million investment in Kimber last year and has lost a million of it as a result of the drop in price brought on in part at least by naked short sellers. It seems like they would not be happy if they understood what was going on behind the scenes, especially with so many Canadian Pensioners being put at risk. Bull

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