The caisse de depot just reported a 9.1% return in the last year. How do they do this? Is it just forex gains since 54% of their investments are outside of Canada ? Nevertheless, it's a strong return considering the markets have been choppy and literally down a sizable % in canada.
Is there a way for pension funds to manipulate the numbers ? It's baffling how a fund of that size can generate such returns. They have like 200Billion AUM.
