The Caisse de dépôt et placement du Québec is appointing a new board of directors for the CDPQ Infra, its subsidiary that serves as principal contractor for major infrastructure projects. Charles Emond, president and chief executive officer at the Caisse, has been appointed chair of the board, while Jean-Marc Arbaud, who was recently appointed president […]
The Caisse de dépôt et placement du Québec and DP World have signed a US$1.2-billion deal to start the construction of an international container port and industrial logistics park in Indonesia. Under the agreement with Indonesia’s Maspion Group, the Caisse and DP World said DP World Maspion East Java will become the sole operator of […]
The Ontario Teachers’ Pension Plan is acquiring a 40 per cent stake in Caruna, Finland’s largest electricity supplier. The pension will acquire a 20 per cent stake in the utility from First Sentier Investors and in a separate transaction, the Ontario Teachers’ and investment firm KKR & Co. Inc. will jointly acquire a 40 per cent holding […]
Canada’s largest pension plans are reporting mixed financial results from a year marked by the coronavirus pandemic. The Caisse de dépôt et placement du Québec reported a 7.7 per cent return on its depositors’ funds in 2020, representing $24.8 billion in investment results. As at Dec. 31, 2020, the Caisse’s net assets totalled $365.5 billion, up […]
The Caisse de dépôt et placement du Québec posted a return of 7.7 per cent in 2020, below its benchmark index of 9.2 per cent as the investment fund plans changes to its portfolio in response to the coronavirus pandemic. The investment fund’s performance was dragged down by real estate investments, which suffered during the pandemic. […]
The Ontario Teachers’ Pension Plan is acquiring The Carlyle Group’s majority stake in Logoplaste, a Portugal-based rigid plastic packaging designer and manufacturer of items. Logoplaste’s products are used by a wide range of global blue-chip clients and its business model centres on the development of strong and long-standing partnerships with customers through dedicated facilities, fully […]
Canada’s pension system was ranked first overall among 15 countries in the Global Pension Transparency Benchmark. It ranked Canadian funds first in governance, citing the “global reputation for superior performance and governance excellence” of Canada’s five largest funds, namely the British Columbia Investment Management Corp., the Caisse de depot et placement du Québec, the Canada […]
CGI Inc. is buying back and cancelling 4.2 million of its class-A subordinate voting shares from the Caisse de depot et placement du Québec for $400 million. The technology-consulting company said it will pay $95.13 per share, a slight discount to where the shares closed on the Toronto Stock Exchange last week at $98.07. CGI […]
The Caisse de dépôt et placement du Québec is reinvesting $25 million in the Quebec Emerging Managers Program. The investment is part of a $110-million contribution and will promote the growth of Quebec’s emerging managers and support its asset management ecosystem, according to a press release, which noted the Caisse’s initial $25-million investment was in […]
The Caisse de dépôt et placement du Québec is appointing David Morley as managing director and head of Europe. He joins the Caisse after serving as chair at Elaghmore Partners LLP, a private equity firm, for four years and at Vannin Capital LLC, a litigation funding business, for a year. Prior to that, he spent […]