The Caisse De Depot Et Placement Du Quebec Gets a 4% Return for 2011

The press release states, “The Caisse de dépôt et placement du Québec announced that its weighted average return on depositor funds was 4.0% for the year ended December 31, 2011. The Caisse’s net assets stood at $159.0 billion at the end of 2011, compared to $151.7 billion as at December 31, 2010. This growth is due to net investment results of $5.7 billion, plus $1.5 billion in net deposits.

“The Caisse delivered a solid performance in 2011—a year of many challenges in the markets,” said Michael Sabia, the Caisse’s President and Chief Executive Officer.

The year 2011 was impacted by the European sovereign debt crisis which, combined with fears of a slowdown in emerging markets, heavily affected markets. Under these excessively volatile market conditions, the Caisse acted quickly by reducing its exposure to equity between the end of June and the end of September and by maintaining a high level of cash. It was also able to capitalize on its investments in Fixed Income, Private Equity, Real Estate and Infrastructure and generate a positive return for its depositors.

“Since 2009, we have worked on improving our ability to face turbulent markets. We have simplified our investment strategies, reduced our leverage and developed new tools, thereby enhancing our efficiency and agility. In 2011, these efforts served us well. Despite difficult conditions, we were able to adjust our asset allocation to protect our depositors’ capital and notably grow our assets. After three years of hard work, the Caisse’s net assets now stand at $159.0 billion, $3.6 billion above the level reached prior to the 2008 crisis,” said Michael Sabia, the Caisse’s President and Chief Executive Officer.”

Read more: Press Release

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