Rich Canucks?

Heres a triva question. Who is the current majority owners of the Toronto Maple Leafs? Answer is of course the Ontario Teachers Pension Plan.

The CPP holdings was announced today growing $98 billion (of which some will be used to pay pension plans to hard working hockey fans :})

"In its annual report released Wednesday, the CPP said its portfolio grew by $16.7 billion in the past year, with $3.6 billion of the increase coming from net new contributions and investment gains accounting for the other $13.1 billion."

Currently $63 billion of its $98 billion portfolio is invested in Canada. Shouldn't some of our retirement plan be invested to support our own economy. Why don't the directors of the pension plan invest in hockey, and reclaim Canada's American owned franchises (ei. the Montreal Canadians)? It might be a good investment if the Habs can sign some good players and a number one goalie who can play in the playoffs. And if the franchise can't make an acceptable rate of return it could always be sold back to the league like major league baseball did with the Expos :) and move to Las Vegas and become the Lost Canadians. I know, I know with their current team, there's not much difference to the possible name of the future. :)

Heres some factual components of the CPP portfolios:

"The $98 billion CPP portfolio is made up of:
$57.3 billion in publicly-traded equities.
$4.4 billion in private equities.
$27.2 billion in bonds.
$4.2 billion in real estate.
$4.0 billion in inflation-linked bonds.
$0.3 billion in infrastructure.
$0.6 billion in cash and money market securities."