Sunday, 1 February 2015
Last updated 1 day ago
Mar 2 2010 | 3:17am ET
Canada’s biggest public pension fund swung back to profit last year, helped in part by its hedge fund and private equity portfolios.
The Caisse de dépôt et placement du Québec posted a 10% return in 2009, earning C$11.8 billion on its investments last year. And its alternative investments did even better.
The C$131.6 billion pension’s hedge funds returned 13% last year, Caisse said. It’s private equity investments did even better, rising 18%, led by a whopping 34% return on its infrastructure investments.
“In 2009, we put the train back on the tracks,” CEO Michael Sabia said. “In 2010, we have to get the train up to cruising speed.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…