The Caisse de dépôt et placement du Québec posted a 4.5% return in the first six months of the year.
Net assets grew to $185.9 billion, up $9.7 billion from $176.2 billion at the end of December.
During the quarter, “we made targeted real estate investments in the United States and successfully launched our absolute-return global quality equity portfolio,” says Michael Sabia, president and CEO of the Caisse. “This portfolio will be an increasingly important component of our strategy in the years to come.”
At of June 30, the average annual return over four years was 10.5%, generating net investment results of $58.5 billion.
Over the four-year and six-month periods ended June 30, 2013, the Caisse outperformed its benchmark portfolio.
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