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Caisse de Depot Posts 4% Gain in 2011 on Infrastructure

Caisse de Depot et Placement du Quebec, Canada’s biggest pension fund manager, posted a 4 percent investment return last year, fueled by gains in infrastructure and fixed income.

Net investment income fell to C$5.7 billion ($5.71 billion) from C$17.7 billion a year earlier when the returns were 14 percent, the Montreal-based manager said today in a statement. The Caisse’s assets as of Dec. 31 increased to C$159 billion from C$157.9 billion at the end of June.