The Caisse de dépôt et placement du Québec recorded a 2.3% gain in the first six months of 2010, which is comparable to reported returns of other pension plans.
Private equity, infrastructure and fixed-income investments contributed to a positive first half, according to a report in the Montreal Gazette. The private equity portfolio appreciated about 15%, fixed-income 6%, and infrastructure investments gained 10%.
The Caisses’s real estate portfolio experienced a slight gain. “After a difficult period in 2009, shopping mall and office building sector returns were positive in the first half of the year. The hotel sector, however, continued to decline,” the Caisse said in a press release.
The Caisse posted a gain of about 10% in 2009 following a $40 billion loss in 2008.
(08/20/10)