Caisse de dépôt et placement du Québec
The mission of the Caisse de dépôt et placement du Québec is to make profitable investments with the funds of public and private pension and insurance plans and organizations, while contributing to Québec’s economic development. These organizations are the Caisse’s ”clients”, which it calls its depositors. Created in 1965, the Caisse is today one of the largest institutional fund managers in Canada and North America. Our teams of specialized managers invest in numerous financial products, such as stocks and bonds, as well as in private equity and real estate. Investments are made in Québec, in Canada and on international markets, wherever attractive business opportunities can be found.
The Caisse de dépôt et placement du Québec invests the funds of its clients and strives to make profitable investments by using a range of financial products. These investments are made by teams of portfolio managers and financial analysts. They are supported by other finance specialists, including traders, economists, actuaries, accountants and lawyers. They invest assets under management in accordance with the performance objectives and risk limits established by each depositor.
The depositors are mainly Québec public or private pension funds and insurance plans. They deposit with the Caisse sums they administer on behalf of their contributors. The depositors are responsible for managing the programs and commitments for their contributors (employees, pensioners, beneficiaries, etc.) and for paying them directly their pensions and benefits. The Caisse is a fund manager. It does not administer any pension or insurance plan.
When managing a large portfolio the size of that of the Caisse, the notion of diversification is fundamental in order to : Take advantage of the returns offered by the different financial markets ; Ensure sound risk management ; Generate the returns depositors expect.
The Caisse makes sure its overall portfolio is well diversified by choosing an asset mix that reflects the investment decisions of all its depositors. The investment teams then pay special attention to the diversification of their respective portfolios by selecting the most promising securities, companies, sectors and countries. Overall, the Caisse’s investments are widely diversified in three ways : by investment type, by region of the world and by industrial sector. In exercising its profession, the Caisse acts as a responsible company as it believes that good governance practices, respect for the environment and a contribution to the community have a positive influence on company profitability and growth.
The Caisse has built up its reputation as an investor thanks to its leadership and its strong results over the long term.
At a glance
President : Robert Tessier
Sherpa : Denis Dubé
Location : Montréal
Global Assets (2011) : CAD 159 bn
Website : www.lacaisse.com