Quebec pension giant Caisse takes $33.6 billion investment hit in worst markets in 50 years

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Pension fund writes off $150\u002Dmillion investment in bankrupt Celsius

During a conference call Wednesday morning to discuss the Caisse results, Emond said the Quebec pension fund hasAdvertisement 3“We decided to take it now” out of prudence, Emond said, noting that the Caisse is considering its legal options and intends to preserve its rights in the court-monitored U.S. proceedings.Emond said his team conducted extensive due diligence with outside experts and consultants.

“In these disruptive technologies, there’s ups and downs…. Some big winners and many losers,” Emond said. “Over five and 10 years, annualized returns were 6.1 per cent and 8.3 per cent respectively, also outpacing benchmark portfolio returns,” the pension manager noted.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 10. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

80% of that loss has since been recovered.. about 25 B$ as markets recover.

Don’t worry transfer payments from Alberta’s dirty oil will bail out Quebec again.

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