Quebec pension giant Caisse posts negative return in 'worst market in 50 years'

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The fund had a tough first six months last year, as stock and bond markets stumbled on spiking inflation, historic interest rate hikes by central banks and rising geopolitical tensions, chief executive Charles Emond said during a Feb. 23 call to discussStart your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

As of Dec. 31, 2022, the Caisse had net assets of $402 billion, up from $392 billion at mid-year. The Caisse said the weighted-average return on its depositors’ funds in 2022 outperformed the negative 8.3 per cent return for the benchmark portfolio, equivalent to $10 billion.Article content

Worst market in 50 years and it’s just getting started! 😄

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