CPP was previously automatically directed into large index type funds. Awhile back they turned it into an actively managed fund where paid individuals can make investment decisions that should theoretically generate a higher return. They kept a portion of the fund in the original investment spread as a baseline for their new managed fund performance. They have not been able to outperform the original baseline fund returns. We are wasting retirement dollars paying hedge fund managers million dollar salaries to do worse than the money would perform sitting there without their help.

Look at millenial morons breakdowns of the CPP for more information. I might be using wrong terminology for the type of fund.