Canadian pension fund stays mum on concerns over MBK Partners

By Park Jae-hyukCPP Investments, a global investment management firm that invests the assets of the Canada Pension Plan, has remained silent about a letter sent to it by the Canadian Labour Congress (CLC) last Friday asking the pension fund manager to review its investment in MBK Partners in terms of its commitment to responsible investment and long-term value creation.“Unfortunately, we will not have any comment to this,“ CPP Investments corporate communications director Connie Ling told The Korea Times via email, CLC also said it has not yet received a reply from CPP Investments.“As you’re aware, as a first step, the letter asked the fund to investigate our concerns internally and with MBK Partners as well,“ CLC social and economic policy director Chris Roberts told The Korea Times via email, Friday. “We’re now waiting to learn the results of that investigation, and will reassess when we receive a response to our concerns.“In the letter sent to CEO Mark Mac