These people navigated the global financial storm very well in 2008. The return in one calendar year was -14%. That is not a return to be proud of, however stock market indices went down all over the world. There was a global financial collapse and stock market indices went down on average by 30% to 40%. During that time, the CPP investment board's return was -14%. In the context of the global situation, this plan did much better than most other pension plans.
On November 3rd, 2009. See this statement in context.