Caisse de dépôt rebounded in 2010

[jesseps]

After a disastrous year followed by a subpar one, the Caisse de dépôt et placement du Québec rebounded in 2010.

 

The Quebec pension fund manager Thursday reported a return from investments of 13.6 per cent for 2010, a year when most large Canadian pension funds made 10 per cent.

 

It ended the year with $151.7 billion in assets, still inferior to the total at the end of 2007, which was $154.5 billion. The Caisse lost $40 billion during the economic crisis of 2008.

 

“In a year marked by turbulence, Europe’s sovereign debt crisis and fears of a slowdown in the U.S., the Caisse generated strong returns on many fronts,” said Michael Sabia, president and chief executive officer.

 

(Courtesy of The Montreal Gazette)

 

Hopefully they don't lose $40 billion again, but at least they almost regained everything they lost.

[Cyrus]

I remember everyone was pissed when they appointed "an anglo" to run that thing, but who is laughing now?

[pedepy]

they would've rebounded the very next year had they not touched any of their investments, like anybody else who didn't panic in '08 ...

[acpnc]

I remember everyone was pissed when they appointed "an anglo" to run that thing, but who is laughing now?

 

Ce n'est pas la langue du gestionnaire qui compte mais ses compétences...

[Cyrus]

Ce n'est pas la langue du gestionnaire qui compte mais ses compétences...

 

Exact, il faudrait qu'il parle la langue, mais c'est la langue des finances, bien entendu

[MtlMan]

Exact, il faudrait qu'il parle la langue, mais c'est la langue des finances, bien entendu

 

Ça dépend, comme dans n'importe quelle langue, certains sont dyslexiques. 2008 l'a amplement prouvé.

[Cyrus]

Le lysdexia

[steve_36]

I remember everyone was pissed when they appointed "an anglo" to run that thing, but who is laughing now?

 

People we're not pissed because he was an anglo, people we're pissed because he was an outsider, a non quebecois, that's an important nuance !!!