Private placements lucrative for caisse

Article Abstract:

Pension fund manager Caisse de Depot et Placement du Quebec has posted a 27.8% return on its C$6.9 billion portfolio of private placements in 1998, up from a return of 23.4% in 1997. The private placement portfolio covers only the equity and debt in private companies and some public companies where the C$69-billion provincial pension fund holds a direct role. Public companies account for about C$3.8 billion of the C$6.9 billion private placement portfolio.

Pension Funds & Benefit Plans, Pension Funds, Caisse de Depot et Placement du Quebec

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No favouritism for Onex bid: minister

Article Abstract:

Onex Corp's hostile takeover bid for Air Canada has no blessing from the Liberal government despite the suspension of competition regulations, said Federal Transport Minister David Collenette. Collenette said government officials are not favoring any particular group to acquire Air Canada. He has earlier said that Ottawa was behind the suspension of competition rules to facilitate the merger of Air Canada and struggling Canadian Airlines International Ltd.

Asset sales & divestitures, Scheduled Air Transportation, Scheduled Airlines, Air Canada

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No news not good news at Power

Article Abstract:

Concerns of shareholders on financial loss at Gesca Limitee, subsidiary of Power Corporation of Canada, are presented.

Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Parent-to-subsidiary activities, Subsidiary-to-parent activities, Financial services industry, Company sales and earnings, Company earnings/profit, Power Corporation of Canada, Subsidiaries, divisions and units

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