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TORONTO -- The Board of Directors of the CPP Investment Board today appointed David Denison as the organization's next President and CEO. Mr. Denison will join the CPP Investment Board on January 17, 2005, succeeding John A. MacNaughton. Mr. MacNaughton, who has led the CPP Investment Board since 1999, announced his plans to retire earlier this year. Mr. Denison is currently President of Fidelity Investments Canada Limited, one of the largest investment firms in Canada with $33 billion in assets under management. Previously, he served as President of one of Fidelity's business units in the United States. Fidelity ...
Commercial real estate purchases in the US may slump later this year as prices rise and lenders require buyers to put more cash into deals, it is claimed. A double dip in the commercial real estate market may come as soon as September, according to Joe Cosenza vice chairman of the Inland Real Estate Group. He believes that banks will reduce the share of debt they contribute to purchases and that is going to back up a lot of deals. Commercial real estate sales fell 67% to $44 billion in 2009 from a year earlier, according to New York based real estate research company Real ... Read More
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