La Caisse Gains 4.6% in First Half, Warns About US Tariffs (2)

Caisse de Depot et Placement du Quebec reported a 4.6% return for the first half of the year amid turmoil in equity markets, and its head is cautious about the rest of the year due to the impact of US tariffs.

The Montreal-based pension fund, Canada’s second-largest, boosted its assets under management to C$496 billion ($360 billion) as of June 30, up by C$23 billion from the end of the year.

“The markets have remained, all in all, resilient, but we must not underestimate the future effects that are only just beginning to materialize,” Chief Executive Officer Charles Emond told ...