This is actually a very funny and indicative story in Canadian politics. Bev Oda was forced to resign after a handful of relatively minor expense scandals, but when she directed staff to alter an already-signed document and then lied to parliament about it, nobody cared.
The CPPIB Active Equities results are so bad that even Leo at Pension Pulse is quoting a guy who questions the idea of active equity strategies at this scale:
Looks like CPP Investments is actually winding down Active Equities, the stock-picking team that's been losing billions of dollars of our pension money on bad bets.
