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CPPIB Seeks Attractive Long-Term, Risk-Adjusted Returns in India

Similar to Excel Funds, the Canada Pension Plan Investment Board (CPPIB) is seeking to generate attractive long-term, risk-adjusted returns in India.

According to Mark Wiseman President & CEO of CPPIB, "CPPIB has been investing in India since 2010 and we view it as a key growth market that aligns with our strategy of seeking investments in markets that we believe will deliver attractive long-term, risk-adjusted returns." He added: "CPPIB's long investment horizon aligns to the financing needs of India's economy, business conglomerates and entrepreneurs. We look forward to continuing to expand our footprint in this important market."

With India being one of its key target markets, the CPPIB announced on October 27, 2015, the opening of a new office in Mumbai, India's financial capital, to focus on investment opportunities across the Indian subcontinent.

“Our goal to deliver superior risk-adjusted returns to our investors through the Excel India Fund is in perfect alignment with that of the CPPIB’s. We also see India as one of our key growth markets and have been investing in India since 1998,” says Bhim D. Asdhir, President & CEO of Excel Funds Management Inc.

The CPPIB also recognizes the importance of on-the-ground management, which has long been a core component of Excel Funds’ investment process. According to Wiseman, “The on-the-ground presence with strong local talent will enable CPPIB to effectively source and manage complex, sizeable investment opportunities. Proximity to a growing portfolio of global investments helps CPPIB meet its ongoing asset and risk management objectives.”

Incidentally, the on-the-ground sub-adviser of the Excel India Fund, Birla Sun Life AMC, is also located in Mumbai.

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