Quebec Depository Corporation (CDPQ) reported a 7.9% loss in the first half of the year.
CDPQ Chief Executive Charles Emond said the first half of the year was driven by a variety of factors, including stock and bond market corrections, recession fears, and the war in Ukraine. “It was a very difficult time,” he said.
The Quebec investment manager says the results compared to his 10.5% loss in benchmark his portfolio.
Real assets in the fund, which includes real estate and infrastructure portfolios, rose 7.9% over the six-month period, while his bond holdings fell 13.1% and CDPQ stocks fell 10.6%. did.
Overall, his net worth decreased from $419.8 billion on December 31, 2021 to $391.6 billion on June 30.
Story Continues Below Advertisement
The decrease was driven by investment losses of $33.6 billion, partially offset by net deposits of $5.4 billion it was done.
© 2022 The Canadian Press
