Latest news with #CharlesEmond
Bloomberg
25-05-2025
- Business
- Bloomberg
Canada's CDPQ to Invest More Than $10 Billion in UK, FT Says
Canadian pension fund Caisse de Depot et Placement du Quebec is looking at investing more than £8 billion ($10.8 billion) in the UK over the coming five years, the Financial Times reported. CDPQ, Canada's second-largest pension fund managing C$473 billion ($344 billion), could raise its allocation to UK assets by 50% in that period, the FT reported Sunday, citing an interview with the fund's Chief Executive Officer Charles Emond.
Montreal Gazette
07-05-2025
- Business
- Montreal Gazette
Plans to sell REM trains to the U.S. have been scrapped, Caisse says
After dreaming of exporting its light automated rail service (REM) to the United States, the chairman of Quebec's Caisse de dépôt et placement du Québec told a legislative committee on Tuesday the idea had been scrapped. Charles Emond told Liberal MNA Frédéric Beauchemin that the context in which the pension fund had several conversations in 2018 about exporting the service had changed. 'I have no intention of exporting the model to the United States in the same way it was discussed at the time,' Emond said. 'All of the team is concentrated on delivering the project (the REM expansion in Montreal) in its entirety.' Emond justified the change in policy by noting that 'charity begins at home.' His comments come as the existing REM service between Brossard and Central Station continues to be interrupted because of what operators describe as ' technical issues ' or, in some cases, winter weather. Meanwhile, the Caisse defended its investments and operations in India in the wake of what the Liberal opposition is describing as a 'scandal' hit the institution. The Caisse invested US$470 million in Azure Power Global, an India-based solar energy company that is now worth no more than US$100 million because of questionable business practices and corruption. Emond said Quebecers 'should not be worried,' saying the incident was an isolated case.
Bloomberg
26-02-2025
- Business
- Bloomberg
Canada's $330 Billion Fund to Scale Back Direct PE Investments
Canadian pension manager Caisse de Depot et Placement du Quebec will lean more on partners and third-party managers when investing in private equity, but remain primarily a direct investor. Once a fund attains scale, 'you reach a certain level where you need to actually partner up with a few selected partners to make sure you're able to actually manage that volume,' Chief Executive Officer Charles Emond said in an interview.
