The Public Sector Pension Investment Board is reporting a net return of 6.5 per cent for its fiscal year ending March 31, 2026, down from 12.6 per cent in fiscal 2025.

In its latest investment report, PSP Investments attributed the result to macroeconomic and market considerations that created a more challenging environment for private markets. It also cited the use of public market-based benchmarks, which may diverge from private asset performance over shorter time horizons. Currency movements detracted 2.2 per cent during the fiscal year, partially reversing 5.8 per cent of currency gains recorded in........

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