The Caisse in Numbers Since its Establishment in 1965
The Caisse manages its depositors’ funds using a long-term approach. The following historical data show the returns earned by the Caisse de dépôt et placement du Québec, changes in its assets, and the gradual diversification of its investments over time.
Annualized return and assets since 1965
- An annualized return of 8.6% from 1965 to 2015.
- Rapid increase in total assets under management
- In 1966: $179 million
- In 1970: $1,321 million
- In 1999: $106,003 million
- In 2016: $394,152 million
Gradual diversification of overall portfolio
In addition to seeing a rapid increase in depositors’ net assets, the history of the Caisse has been marked by the gradual diversification of its overall portfolio in terms of investment type, geographic region and industrial sector. These changes reflect the Caisse’s objective of generating returns that meet depositors’ expectations while limiting overall portfolio risk.
1960s and 1970s
The Caisse’s overall portfolio was composed primarily of fixed income securities, such as Québec government bonds.
1980s and 1990s
The Caisse increased and diversified its equity portfolio, initially in Canada and later abroad. During this period, the Caisse also developed its real estate and private equity portfolios.
The Caisse invests in private equity, real estate, fixed income securities and equity.
Progressing since 1965
In 1965, Premier Jean Lesage stated that the Caisse’s assets should rise to $2.6 billion in 1976 and be over $4 billion by 1986. Assets have in fact grown much more rapidly, to $28 billion in 1986... 7 times higher than expected.