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CDPQ Posts 9.3% Return for 2017

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Caisse de dépôt et placement du Québec (CDPQ) generated 9.3% in annual return for the year ending in 2017. CDPQ posted an annualized return of 10.2% over five years. CDPQ’s net assets rose to C$ 298.5 billion. CDPQ continues to be a major investor in Québec’s economy. CDPQ also continues to focus on absolute-return management, less-liquid assets and credit investments in areas such as corporate credit, sovereign credit and specialty finance. CDPQ formed a US$ 2 billion platform for leasing and financing aircraft in 2017, partnering with GE Capital Aviation Services.

CDPQ increased its cross-border reach with having offices in regions such as Latin America, Asia, Europe and the United States. Exposure to growth markets increased from C$ 15 billion in 2012 to over an excess of US$ 35 billion at the end of 2017.

Agropur Platform

On February 14, 2018, CDPQ revealed forming a joint investment platform with Agropur Cooperative (Agropur) to back the dairy industry. The C$ 40 million platform will be 50:50 owned by both parties and invest in businesses specializing in dairy-related products and technologies.

Ascendas-Singbridge Acquires Three Hotels in Osaka

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Singapore’s Ascendas-Singbridge has acquired three hotels in Osaka for 10.29 billion JPY to tap tourism growth in Japan’s third-largest city.

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BlackRock Contemplates Stake in Eurizon

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Asset management giant BlackRock is contemplating purchasing a 30% ownership stake in Intesa SanPaolo’s asset management unit called Eurizon Capital SGR S.p.A. BlackRock is keen on growing its technology business and increase market adoption of its Aladdin platform.

Intesa has been working with UBS to seek out strategic options for Eurizon. Intesa is keen on maintaining control over Eurizon.

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SWFI First Read, June 22, 2018

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JPMorgan Fund Buys 40% of Oxford Properties’ French Portfolio

A fund advised by JP Morgan Asset Management committed €400 million in Oxford Properties’ French portfolio. Essentially, Oxford Properties sold a 49.9% non-managing interest in 32 Rue Blanche, 92 Avenue de France and Paris Bastille. Oxford Properties made its maiden investment in Paris in 2014 when it acquired 32 Rue Blanche.

Oxford Properties is the real estate unit of OMERS.

Temasek Explores Further Cash Commitments to FirstCry

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