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La Caisse plans to increase emerging market exposure

20 May 2014

montreal_170sqLa Caisse de dépôt et placement du Québec has decided to increase its exposure to emerging markets.

The fund will focus its emerging markets strategy on Latin America and Southeast Asia in the next 18 to 24 months, La Caisse’s executive vice-president in emerging markets Rashad Kaldany, according to PeHUB.

La Caisse could invest outside of those regions and is likely to expand its focus to other developing markets in the next four years, said Kaldany.

The fund limited its exposure to emerging markets in 2002, which Kaldany said was “the wrong time, we missed some prime vintage years.”

Kaldany said, “It was a strategic decision made at the time to concentrate more on developed markets.”

He added that performance of La Caisse’s emerging markets investments has been mixed. Kaldany said this was “due to a number of factors, including the risk of devaluations, as well as possibly in some markets some GPs investing too much at the peak.”

Earlier this month La Caisse hired Andreas Beroutsos as executive vice-president – private equity and infrastructure.

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