Mark Machin’s big mistake got him drummed out of Canada ’s national pension manager in a matter of hours. The fund needed a new CEO quickly after Machin was found to have flown to the United Arab Emirates, where he received a Covid-19 vaccine. But Graham is described by associates as a safe pick -- smart and sophisticated, with the cautious mindset of a Canadian public servant. In an interview in December, Machin said exuberance in public markets was a signal to him to extend his fund’s already-huge bet on private assets. He had continued to build the Canadian fund’s private holdings since becoming its first foreign-born leader in June 2016.

Source: Mint February 27, 2021 16:30 UTC