# CN Pension Plan

CN Pension Plan is a Pension Fund based in Montreal, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Montreal, Canada
- **Region:** North America
- **Address:** 5 Place Ville-Marie 11th Floor, Montreal, Québec, Canada H3B 2G2
- **Founded:** 1968
- **Assets under management:** 13140 (Altss estimate)
- **Website:** cnid.ca
- **LinkedIn:** https://ca.linkedin.com/company/cn-investment-division

## Regulatory record

- **Reports private funds:** No

## About

The CN Pension Plan was established in 1968 to serve employees and retirees of Canadian National Railway Company. Bruno Roy serves as President and CEO of the CN Investment Division that runs the plan day to day. The plan maintains allocations to Canadian real estate, global infrastructure funds, resource royalties, and an absolute return book that uses external hedge fund managers. It also holds direct stakes in Canadian drilling operations established in 1979 and participates in private equity and debt through holding vehicles. Geographic exposure centers on Canada and extends to global markets through fund commitments. The CN Investment Division employs 91 professionals in Montreal. The plan maintains membership in PIAC, CAASA, and AIMA. It sponsors the CN Employees' and Pensioners' Community Fund, a separate nonprofit established in 1967 that directs grants to Canadian health and community organizations. The plan's structure ties investment decisions directly to the sponsor railway through the in-house division, with oversight of both public market positions and long-term private holdings.

## Sectors

- Real Estate
- Infrastructure
- Hedge Funds
- Private Equity

## People

- Bruno Roy — President and CEO of CN Investment Division
- Marlene Puffer — Former President and CEO of CN Investment Division

## Questions

### Who runs investment decisions at CN Pension Plan?

Bruno Roy serves as President and CEO of the CN Investment Division, the in-house team that manages the plan.

### Does CN Pension Plan participate in fund commitments or only direct deals?

The plan commits to global real estate private equity funds and infrastructure funds while also holding direct real estate and resource assets.

### What asset classes does CN Pension Plan hold?

Holdings include Canadian real estate, global infrastructure, resource royalties, public equities, and an absolute return allocation to external hedge funds.

### How is CN Pension Plan related to Canadian National Railway Company?

Canadian National Railway Company is the plan sponsor and founder of the pension arrangement.

## Related profiles

- [Volksbank eG Die Gestalterbank](https://altss.com/profile/volksbank-eg-die-gestalterbank)
- [Naver](https://altss.com/profile/naver)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/cn-pension-plan

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