
Canada’s CDPQ Inks Another Alternative Energy Deal
The pension fund has launched a joint venture with the Mohawk Council of Kahnawake to invest in renewable energy infrastructure.
The pension fund has launched a joint venture with the Mohawk Council of Kahnawake to invest in renewable energy infrastructure.
The investment performance raises the pension’s asset value to $42.9 billion.
The $275 billion pension giant committed more than $2 billion in total for the month.
An NAIC report also found corporate pensions and union funds ‘lag significantly’ behind public pensions in hiring diverse managers.
The quiet month was preceded by a two-month, $7.6 billion investing spree.
The Unified Pension Scheme will be a combination of a defined benefit and defined contribution pension plan.
The Canadian pension fund’s asset value increased nearly C$12 billion for the year to June 30.
Public and private assets helped the pension fund swing from a loss one year earlier to raise its asset value to $471.5 billion.
Approximately half of the new investments will be in public equity, with the rest going into private markets.