La Caisse Posts 5% First-Half Return as Stocks Rally, Private Equity Slumps
La Caisse de Depot et Placement du Quebec, Canada's second-largest pension manager, achieved a 5% return in the first half of the year despite a strong stock market rally. However, the fund underperformed its benchmark due to significant losses in its private equity portfolio, which weighed down overall returns.
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La Caisse Posts 5% First-Half Return as Stocks Rally, Private Equity Slumps
La Caisse de Depot et Placement du Quebec, Canada's second-largest pension manager, achieved a 5% return in the first half of the year despite a strong stock market rally. However, the fund underperformed its benchmark due to significant losses in its private equity portfolio, which weighed down overall returns.
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