For each of the plans and trusts within the CRPTF, the Investment Policy Statement sets forth investment objectives and asset allocation guidelines. These objectives are long term in nature and have been established based on a comprehensive review of the capital markets and the underlying plans' and funds' current and projected financial requirements. Over the long term, prudent investment risk-taking may be rewarded with higher incremental returns. Consequently, while capital preservation is regarded to be of paramount importance, the Treasurer regards prudent risk-taking as justifiable.
The Treasurer’s corporate governance program is designed to protect and enhance the long-term value of the CRPTF’s investments. The program was developed in accordance with the Treasurer's fiduciary responsibility to prudently manage pension fund assets and oversee proxy voting decisions, promote corporate governance best practices, and engage in other activities that are critical to the financial performance of the companies in which the CRPTF invests. In addition, the CRPTF’s external managers are evaluated in terms of the manner in which they integrate ESG considerations into the investment process.