Thursday, November 12, 2009

Did The Caisse de dépôt et placement du Québec Blow It Again?

Giant pension fund has missed out on big stock market rebound,
Finance Minister Raymond Bachand says. CP

Caisse 'Blew It,' Will Underperform Peers In Recovery -- Globe And Mail

It fell harder than most other major pension funds in last year's financial meltdown. And now the Caisse de dépôt et placement du Québec is expected to lag its peers in the recovery.

Quebec Finance Minister Raymond Bachand took the unusual step yesterday of playing down expectations for the giant Caisse after a newspaper report said it is poised to deliver a return on its investments of about 5 or 6 per cent in 2009, compared with 10 or 12 per cent for the other big institutional players.

Read more ....

More News On The Caisse de Depot

Caisse denies it missed market rebound -- CBC
Quebec’s Caisse to lag its peers -- Globe And Mail
Caisse’s 2009 Return Set to Trail Canadian Funds -- Bloomberg

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