Caisse de Depot Gains 3.6% on Private Equity, Real Estate
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Caisse de Depot et Placement du Quebec, Canada’s biggest pension-fund manager, posted a 3.6 percent investment return in the first half of the year, fueled by gains in private equity, real estate and infrastructure.
The Caisse had C$5.3 billion ($5.38 billion) in investment income in the first six months of 2011 with further net contributions of C$900 million, the Montreal-based fund manager said today in a statement. Net assets rose to C$157.9 billion as of June 30, up from C$151.7 billion on Dec. 31 and C$135.8 billion a year earlier.