Our active overlay program places a layer of active selection over our passive portfolio of more than 2,600 public companies. In this structure, the CPP Investment Board retains the responsibility of managing the desired market risk exposure (beta), and our external partners are responsible for creating value by taking active positions on different securities (alpha) by selling less attractive stocks from our internal passive portfolio and buying more attractive stocks.

Our Active Overlay Managers are:

Barclays Global Investors
Connor, Clark & Lunn Investment Management
Goldman Sachs Asset Management
UBS Global Asset Management