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CDPQ's Trusted Man at the Heart of the Corruption Plot

Pension Pulse

Radio silence at the Caisse Since the opening of its office in New Delhi in 2016, the Fund has bet 9 billion on India. Its three former executives accused of corruption were all employees of the Quebec institution in this region of the globe between 2018 and 2023. How many investment cases have they been involved in?

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Top Funds' Activity in Q2 2024

Pension Pulse

are buying/adding Ulta Beauty (ULTA) Ulta Beauty caught Berkshire’s eye in the most recent quarter, and the conglomerate opened a position in the purveyor of beauty products, albeit a relatively small 690,000 shares. The conglomerate still owns nearly 4.7 Berkshire Hathaway’s portfolio holdings: Where Buffett & Co.

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CPP Investments' CEO Discusses Fiscal Year 2024 Results

Pension Pulse

Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.

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Transcript: David Layton

The Big Picture

And we looked more like an industrial conglomerate than — RITHOLTZ: That’s where I was going to go. Look, our parents all had pension funds. LAYTON: — sources of funds for our industry is going to change as a result of that. It’s been primarily pension, historically.

Assets 59
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Carlyle Sells McDonald’s China Stake for $1.8bn

Private Equity Insights

The Citic Consortium, a Chinese conglomerate, will continue to hold 52%. After years of growth, some institutional clients, such as US pension funds, have reached the limit of what they’re willing to allocate to the sector, making it harder to raise fresh funding in an era of rising interest rates.

Stakes 246
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CDPQ Rocked by Major Indian Bribery Scheme

Pension Pulse

officials allege: Senior executives at Quebec’s provincial pension fund manager tried to win contracts by paying Indian officials hundreds of millions of dollars in bribes and interfered with corruption investigations in the United States, American prosecutors allege. In 2019, his company, Adani Green Energy Ltd.,