Caisse de Depot et Placement du Quebec, Montreal, on Friday reported an investment return of 5.9% in the first half of 2015, helping boost its total assets to C$240.8 billion ($183.4 billion).
The six-month performance through June 30 was above the 5.2% return of the Caisse's custom benchmark.
Total assets at the Caisse, which oversees investments for Quebec pension and other government funds, were up 6.6% from the start of 2015, the net result of C$13.1 billion in returns and C$1.8 billion in contributions, the Caisse said in a news release.
For the six-month period ended June 30, the Caisse returned 7.8% on equities vs. 7% for its custom benchmark; 2.7% on fixed income compared to the benchmark's 2.4%; and 4.6% for inflation-sensitive investments vs. 4.4%.
Its asset allocation as of June 30 was 46% equity, 37% fixed income, 15% inflation-sensitive investments and 2% other assets, which includes include hedge funds, commodities and overlay strategies. The Caisse does not break out returns on other investments.
Annualized returns for the four years ended June 30 were 10.2% overall; 12% for equities; 5.5% for fixed income and 11.9% for inflation-sensitive investments.
