I was thinking of this the entire evening. Maybe there's rebuttal to this point? So they're talking of opening the fund up to the public as a retail product. They've stated that the mandate would be to give market returns. This way, the average individual buys into the fund as well (I would for sure). THAT is how the public becomes interested in the fund's survival and growth as it is for the CPP.

Let's say the Tories get in next election. If the fund is giving good returns, then the toriest of Tory voter would get out on the streets if there is even a whiff of the government dissolving it. Now I am exaggerating here, but the point I'm trying to make is that opening it up to retail investors ensures public interest in the fund's continued existence and expansion.

[–] yogthos@lemmy.ml 1 points 3 weeks ago (1 children)

I think the bigger question is what this fund ends up being used for, and how it will be decided which projects it invests in.

[–] wraekscadu@vargar.org 1 points 3 weeks ago (2 children)

Here's my guess from my comprehension of the write-up:

Crown corp with an independent board of directors (like the CPP).
Mandate to invest only in Canadian projects.

So my guess is that the funds would most likely be used to fund highly capital intensive projects from the ground up (instead of just buying Shopify stocks for example). This would almost always be infra projects. Depends on how much risk the board would be willing to take for assessed potential reward.

Tbh I'm not really that worried about the competency of the board. The CPP and QPP have been incredibly successful till now ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯.

[–] yogthos@lemmy.ml 2 points 3 weeks ago

yeah I think we'll have to wait and see how this develops

[–] NotMyOldRedditName@lemmy.world 1 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

The CPP and QPP have been incredibly successful till now

Hey, CPP, want to grow and handle this other thing?

[–] wraekscadu@vargar.org 1 points 2 weeks ago (1 children)

Yeah, I hope they create structures to reuse the CPP's analysis and even staff for that matter.

My guess though is that it would be slightly the other way round, where the Canada strong fund creates investment products that the CPP could purchase. But yeah, I hope CPP's talent is used here. It's clearly working, and quite competent!

[–] NotMyOldRedditName@lemmy.world 1 points 2 weeks ago

It would be kind of funny if the sovereign fund does its thing and CPP is like, no thanks, its not suitable for our goals