Caisse reports biggest investment loss in 37-year history

Caisse reports biggest investment loss in 37-year history

The Caisse de depot et placement du Quebec reported the largest annual investment loss in its 37-year history when it announced last month that its net assets declined 9.6% in value in 2002, a loss of $8.6 billion for the fund. Much of the loss can be traced to the Caisse's investments in the t...

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Veröffentlicht in:Benefits Canada 2003-04, Vol.27 (4), p.87
1. Verfasser: Sanford, Jeff
Format: Artikel
Sprache:eng
Schlagworte:
Chief executive officers
Consumer Price Index
Defined benefit plans
Employees
Equity
Investment advisors
Losses
Pension funds
Pension plans
Portfolio investments
Portfolio performance
Stock exchanges
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Zusammenfassung:The Caisse de depot et placement du Quebec reported the largest annual investment loss in its 37-year history when it announced last month that its net assets declined 9.6% in value in 2002, a loss of $8.6 billion for the fund. Much of the loss can be traced to the Caisse's investments in the technology, media and telecommunications sector. Its investment in a convergence play by Quebecor Media Inc. also contributed to the loss.
ISSN:0703-7732