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CDPQ balances equity gains with real estate woes

Equity and infrastructure drove gains at C$473 billion ($329 billion) Caisse de Depot et Placement du Quebec, but “persistent headwinds” in real estate allocation given the fund’s above benchmark exposure to US offices in poorly performing cities New York and Chicago dragged down performance in 2024.
Sarah RundellMarch 18, 2025
Investor Profile

Switzerland’s rail fund SBB takes on more risk

Convinced higher interest rates signpost higher anticipated returns ahead, Pensionskasse SBB, the Bern-based pension fund for employees of Switzerland’s state-owned railway company, will increase its equity allocation including private equity. It plans to add managers in both public and private equity.
Sarah RundellJuly 25, 2023
Risk

Turmoil at Alecta as CEO fired and equity revamp promised

Alecta, Sweden’s biggest pension fund with $110 billion of assets under management, has fired its chief executive Magnus Billing following nearly $2 billion of losses incurred from last month’s US banking crisis. The pension fund is also beginning an enquiry into how it manages equity.
Sarah RundellApril 12, 2023
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