Institutional Investors

Québec’s Caisse reports meagre hedge fund gains in 2011


The $159 billion Caisse de dépôt et placement du Québec reported a 0.5% gain via its $3.3 billion hedge fund programme last year in its recently released annual report. Its top performing asset class last year was infrastructure, which returned 23.3%.

In a move to adapt to the financial market crisis back in 2008, Caisse de depot et placement du Quebec simplified its organisational structure to place private equity investing and hedge funds under the same group. The hedge fund portfolio has previously included names such as Crestline, DE Shaw, Ellington Management Group, Farallon Capital, Highbridge Capital Management and