The Caisse’s 4% Return

Pension giant grows by $7.2 billion in 2011.

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quebec flagThe Caisse de dépôt et placement du Québec had an investment return of 4% and net asset growth of $7.2 billion for fiscal 2011. The fund’s annual report was released today.

“This annual report reflects our efforts to enable the Caisse to chart a path in a year marked by great volatility,” said Michael Sabia, president and CEO of the Caisse. “As a result of our work over the last three years to improve the Caisse on many levels, today it has the agility and financial flexibility to seize the best business opportunities.”

The fund attributes its successful year to implementation of a proactive risk management strategy in response to the U.S. and Europe debt crises, as well as active management of credit, counterparty and liquidity risks. Despite a high degree of volatility in 2011, the Caisse’s absolute risk reduced from 31.4% to 29.9%; its active risk reduced from 4.2% to 3.7%.

The ratio of expenses to average net assets went from 19.4 basis points in 2010 to 18 basis points in 2011.

Originally published on Benefitcanada.com

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