August 28, 2014 11:21 PM ET

Capital Markets

Company Overview of Public Sector Pension Investment Board

Company Overview

Public Sector Pension Investment Board (PSP Investments) is a government owned pension fund management firm. The firm primarily provides its services to the federal Public Service, the Canadian Forces, and the Royal Canadian Mounted police pension plans. It invests in the public equity markets across the globe and in the public fixed income markets of the United States and Canada. It also makes its investments in the private equity and real estate markets. Public Sector Pension Investment Board was founded in September 1999 and is based in Ottawa, Ontario with an additional office in Montreal, Quebec.

440 Laurier Avenue West

Suite 200

Ottawa, ON K1R 7X6

Canada

Founded in 1999

Phone:

613-782-3095

Fax:

613-782-6864

Key Executives for Public Sector Pension Investment Board

Interim President
Vice President of Communications and Government Relations
First Vice President of Real Estate Investments
Vice President of Private Equity
Age: 51
Director of Private Equity
Compensation as of Fiscal Year 2014.

Public Sector Pension Investment Board Key Developments

Reliance Power Reportedly In Talks For Financing

Reliance Power Limited (BSE:532939) is in talks for equity funding to raise up to $500 million with Temasek Holdings (Private) Limited, IDFC Private Equity and Public Sector Pension Investment Board, Economic Times reported citing sources. The talks are still in early stage. Reliance Power Limited intends to use the proceeds to fund its proposed acquisition of three hydroelectric power assets of Jaiprakash Associates Limited (BSE:532532).

Public Sector Pension Investment Board Announces Consolidated Earnings Results for the Year Ended March 31, 2014

Public Sector Pension Investment Board announced consolidated earnings results for the year ended March 31, 2014. The company recorded an investment return of 16.3% for the fiscal year ended March 31, 2014 (fiscal year 2014). The solid overall performance was driven primarily by strong results in Public Market Equities as well as in the Private Equity, Renewable Resources, Real Estate and Infrastructure portfolios. The fiscal year 2014 investment return exceeded the Policy Portfolio return of 13.9%, representing $1.8 billion of value added over the benchmark return. Consolidated net assets reached a record $93.7 billion, an increase of $17.6 billion or 23% over the previous year. The company generated net investment income of $12.6 billion for fiscal year 2014 and received $5.0 billion in net contributions.

Public Sector Pension Investment Board Appoints John Valentini as Interim President & Chief Executive Officer

The Board of Directors of the Public Sector Pension Investment Board announced that John Valentini, Executive Vice President, Chief Operating Officer and Chief Financial Officer has been appointed Interim President & Chief Executive Officer effective immediately, following the previously announced departure of Gordon J. Fyfe. The Board of Directors has established a search committee to immediately undertake an executive search to select and appoint a permanent President & CEO. Mr. Valentini's interim appointment will enable the Board to complete the executive search in due course and will facilitate a seamless transition once a new CEO is selected.

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