[Canada’s largest pension fund plans to double its hedge fund investment to $160 billion] November 12th, Canada’s largest pension fund plans to roughly double its hedge fund investment in the next five to seven years, sending a signal that one of the world’s most important supporters of the industry is still optimistic. The Canada Pension Plan Investment Board (CPPIB) plans to increase its total hedge fund investments to about $160 billion over the next few years, and is particularly looking to invest in hedge fund giants it currently doesn’t cover, including Izzy Englander’s Millennium Management, according to people familiar with the matter. The C$866 billion ($608 billion) pension fund currently has about $80 billion invested in hedge funds, people familiar with the matter said.