The Caisse de dépôt et placement du Québec generated a 12% return on investments in 2014 as its net assets rose to $225.9 billion.
Each of the three major asset classes—fixed income, inflation-sensitive investments and equities—made substantial contributions to the overall performance of the portfolio.
Over five years, the Caisse’s annualized return is 10.4%. Over 10 years, the Caisse had a 6.5% annualized return, despite the financial crisis.
Read: Caisse assets nearing $215 billion
“Our portfolio has shown its resilience in the face of increased volatility brought about by the collapse in oil prices, the continued decline in interest rates and the strong appreciation of the U.S. dollar,” says Michael Sabia, president and CEO of the Caisse. “The second half of 2014 tested the soundness of our investment strategy, and we continued to deliver results that exceed our clients’ long-term needs.”
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