Highlights — Annual Report 2009
The Public Sector Pension Investment Board (PSP Investments), like most institutional fund managers, recorded negative investment returns during the last fiscal year due to the worst deterioration of financial markets since the Great Depression. Investment return for fiscal year 2009 was negative 22.7% largely as a result of the sharp decline in public equity markets during the latter half of the fiscal year. Net assets decreased from $38.9 billion to $33.8 billion at the end of fiscal year 2009.
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