New BoD CEO of CN Pension Fund - $17 Billion in InvestmentsIn 2015, the CN pension fund was the 17th largest in Canada with $17B+ of assets being managed for the pensioners. CN is a $76B market company...even larger than STO.
In 2006, the pension fund paid monthly to 42,000 pensioners. This fund is a behemoth.
Why would a President and CEO of the CN pension fund join the VLE BoD? He's an absoute big slugger in Canadian business. Hmmmm.....Its almost like CN is ready to make a major investment and need representation on the VLE board. It's not like this super major money manager doesn't have better things to do than hang out with board members of a company he isn't interested in.
Read between the lines people....In my opinion, this is the best news since the announcement of the partnership with CN. I'll give it 4 weeks to hit $12.
https://www.benefitscanada.com/wp-content/uploads/2016/06/BECA06_Top100_012-022_Justcharts.pdf
https://actuaries.ca/meetings/pension/2007/en/pdf_ppt/Caroline%20Drouin%20(E).pdf
https://www.bloomberg.com/research/stocks/private/people.asp?privcapId=353020