The Maple 8.
Canada's eight largest institutional pension managers, together managing roughly CAD $2.6 trillion across federal, provincial, and sector-specific defined-benefit mandates. Each manager has a Manager Watch primer in the archive; this page is the navigation surface.
The cohort context, side-by-side comparison, and the read of benchmark-gap patterns sit in two Allocators Desk pieces: the Top-Three read paired with the StatCan household-wealth substrate, and the Big-Eight cross-sectional snapshot. The primers below are the structural reads on each manager.
CPP Investments
- Net assets
- CAD 793.3B
- Period
- F2026 (Mar 31, 2026)
- Period return
- 7.8%
- 10-year
- 8.8%
- Funded status
- Sustainable per OCA Dec 2025
federal Crown corp, single CPP mandate, 22M+ Canadians served
CDPQ / La Caisse
- Net assets
- CAD 517.3B
- Period
- 2025 (Dec 31, 2025)
- Period return
- 9.3%
- 10-year
- 7.2%
- Funded status
- Multi-depositor
Québec provincial, 48 depositors, dual mandate (returns + Québec economy)
PSP Investments
- Net assets
- CAD 299.7B
- Period
- F2025 (Mar 31, 2025)
- Period return
- see follow-up
- 10-year
- see follow-up
- Funded status
- Multi-plan (federal)
federal Crown corp, four federal pension plans (Public Service, CF, Reserve, RCMP)
Ontario Teachers’ (OTPP)
- Net assets
- CAD 279.4B
- Period
- 2025 (Dec 31, 2025)
- Period return
- 6.7%
- 10-year
- 6.8%
- Funded status
- 111% (13th straight year)
Ontario provincial, single DB plan, 346,000 members
BCI
- Net assets
- CAD 251.6B net / 295B gross
- Period
- F2025 (Mar 31, 2025)
- Period return
- 10.0%
- 10-year
- 7.4%
- Funded status
- 103–133% across six pension clients
BC provincial, 32 public-sector clients incl. Indigenous settlement trust
AIMCo
- Net assets
- CAD 194.7B
- Period
- 2025 (Dec 31, 2025)
- Period return
- 7.5% Total / 7.6% Balanced
- 10-year
- 7.2%
- Funded status
- Multi-client
Alberta provincial, 23+ clients across pension, endowment, gov, insurance, specialty
OMERS
- Net assets
- CAD 145.2B
- Period
- 2025 (Dec 31, 2025)
- Period return
- 6.0%
- 10-year
- 7.1%
- Funded status
- 99% (cohort outlier)
Ontario municipal, 665,000 members, Oxford Properties operating-business subsidiary
HOOPP
- Net assets
- CAD 132B
- Period
- 2025 (Dec 31, 2025)
- Period return
- 7.7%
- 10-year
- 7.8%
- Funded status
- 109% (16th straight year)
Ontario healthcare, 504,000+ members, 49% Canadian, Liability-Aware Investing
Methodology
Each primer is built from primary-source publisher material (annual results press releases, about / governance / clients pages on the manager's own site, and the most recent annual report PDF where read). Numbers cited trace to a specific source saved in the publication's research library; cross-sectional comparisons in the Desk pieces are like-for-like where the reporting periods align and explicitly noted where they do not (CPP Investments and PSP report fiscal years ending March 31; BCI also reports March 31; the rest are calendar years ending December 31).
Comments and pointers to coverage worth folding in at [email protected].