Finance committee  Yes, in April to June the fund increased by $11 billion, most of which was investment income, and it's up significantly since then to the end of September.

Finance committee  The fund was up 11% in the first quarter and it's gone up significantly since then. Those results will come out in about two weeks.

Finance committee  First of all, Mr. Chairman, let me again give a bit of context around that answer. I would say that the board of directors of the CPP Investment Board consider the compensation framework to be totally appropriate for managing a global fund of $117 billion. I would like to give

Finance committee  There is perhaps one other thing. In the response to Minister Flaherty, where there was a comparison done between our compensation system and the G-20 principles, they were found to meet or exceed those principles, and the fact is, those are the principles that G-20 leaders are n

Finance committee  Yes, there was. It was sent to Mr. Flaherty and the other provincial finance ministers to whom we're accountable. We'd be happy to share that letter with the committee.

Finance committee  Thank you, Mr. Chairman. I'd be pleased to answer Monsieur Mulcair's question. I think with regard to compensation, the compensation at the CPP Investment Board is the sole responsibility of the board of directors, and I think that the compensation is paid out over multi-year pe

Finance committee  Thank you, Mr. Chair. I'd be happy to do that. First of all, obviously our organization is very respectful of the views of Parliament. In June, Minister Flaherty did write a letter to all financially related crown corporations, and in that letter he asked if the compensation pri

Finance committee  Thank you, Mr. Chairman, for the chance to answer that question. In a speech given in Ottawa in mid-September, our CEO, Mr. Denison, laid out a number of facts that could be considered by policy-makers, making it very clear that policy matters are to be decided by federal and pr