Business
Big fund cuts stakes in chip stocks AMD, Intel, Nvidia and Micron
Caisse de Depot et Placement du Quebec, Canada’s second largest public pension fund, posted a negative annual profit in 2022for the first time since the financial crisis.
But pensions beat the market. The CDPQ, or provincial pension, posted a negative 5.6% return last year, compared with a 19% decline in the previous year.
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At the end of 2022, it manages $295 billion in assets.