Canada Pension Plan Weighs Doubling Hedge Fund Allocation to $160 Billion

Cointime reports: The Canada Pension Plan Investment Board plans to roughly double its hedge fund allocation to about $160 billion over the next five to seven years, people familiar with the matter said. The fund aims to add exposure to hedge fund giants it does not currently work with, including Izzy Englander’s Millennium Management. The move signals bullish demand from one of the industry’s most important backers.