Activity Overview 1999 (CDPQ)

Summary

• Total assets managed by the Caisse teams exceeded $105 billion at the end of 1999.p.3
• The overall return in 1999 was 16.5% and the five-year return was 14.7%.p.3
• Private placements reached 12% of depositors' assets, and the internal rate of return on Canadian equities was 27.4% in 1999.p.4
• The Participations Group portfolio reached $12 billion, up 74% from the previous year.p.12
• The combined real estate and mortgage portfolios reached $15.5 billion, or 15.5% of depositors' assets.p.18

Key insights

1. The Caisse approved a record $646.8 million of mortgage investments in 1999.p.20
2. The first commercial mortgage-backed securities issue on the Canadian public market was worth $254.1 million.p.20
3. The Accès Capital network invested about $36 million in 79 Quebec SMEs during the year.p.17
4. The Asia Equity Infrastructure Fund has capital of $355 million US.p.8
5. Tactical and strategic asset allocation activities generated profits of more than $820 million.p.11
6. Short-term securities returned 5.1%, 0.44% above their benchmark index.p.10
7. Of 264 employees, 43 hold the chartered financial analyst (CFA) designation.p.23