In a move to adapt to the financial market crisis, Caisse de dépôt et placement du Québec has simplified its organisational structure to place private equity investing and hedge funds under the same group.
The group manages $107 billion in assets for public and private pension and insurance plans. As part of the reorganisation, Michel Malo, executive vice president of hedge funds, has left and staff has been significantly reduced. The fund of hedge funds management team, led by Mario Therrien, has been folded into the private equity group. The roughly $3.5 billion hedge