The Caisse de dépôt et placement du Quebec (CDPQ) has reported a –2.3 percent return for the first six months of the year, amid volatility caused by the global coronavirus pandemic.
In light of the crisis, CDPQ said it took measures to ensure tighter coordination between asset classes and take advantage of future opportunities. These included an in-depth review of all portfolio assets to identify sectors of the future and potential risks, in order to better define the post-COVID‑19 strategy, as well as new, coordinated steering of the strategy, portfolio construction and risk management activities.
“In the first half of 2020, the global economy was hit by a crisis that was unprecedented both in its speed and reach,” said Charles Emond, president and CEO of CDPQ. “With the pandemic having sharply accelerated trends, especially in technology and retail, our significant exposure to shopping centers and our underweight position in certain big-tech stocks in equ
