Montreal-based PSP Investments, which manages $243 billion in pension plan assets for federal government employees, just closed its 2023 fiscal year with a return of 4.4%.
According to PSP management, this return exceeded that of its benchmark portfolio by 0.2% “despite a particularly difficult context, both for equities and for bonds. »
“Our strategy of private market diversification and international growth has been key to maintaining stability at the heart of exceptionally volatile financial markets,” said Eduard van Gelderen, senior vice president and chief investment officer at PSP, in a statement.
For the year ended March 31, performance in the main asset classes managed by PSP was as follows:
- Capital markets (equities, bonds): +0.3% to 98.5 billion
- Private placements: +3.3% to 37.2 billion
- Real estate investments: +0.2% to 32 billion
- Infrastructure investments: +19% to 29.4 billion
- Debt securities (financing): +13.1% to 26.1 billion
- Investments in natural resources: +10.9% to 12.3 billion