The Caisse de dépôt et placement du Québec reported a 13.1% return in 2013, pushing its assets to $200.1 billion.
The results were helped by equities, which produced a weighted return of 22.4%; bonds generated a -1.2% return.
The Caisse continued to deploy its new investment strategy in Quebec and around the world in 2013. The priorities underlying the new strategy include absolute-return management, a focus on less-liquid assets and emerging markets.
“In an economic environment characterized by major adjustments in emerging markets, a lengthy recession in Europe and the beginnings of a recovery in the United States, we have stayed focused on our strategy and continued to invest in quality assets anchored in the real economy,” says president and CEO Michael Sabia.
The four-year annualized return reached 10%. This growth is due to $61.2 billion of net investment returns plus $7.3 billion of net deposits.
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