PSP Investments' net assets reach $116.8 billion

PSP's fiscal 2016 release reported a 1.0% total portfolio return and a 5.9% ten-year annualized net return through March 31, 2016. It described the total-fund strategy transformation, introduction of private debt in November 2015, opening of the New York office and development of the London hub. The one-year portfolio return is not described here as a net return.