Caisse de dépôt et placement du Québec, the largest institutional pension fund manager in Canada, released staggering financial results on February 25th. The figures revealed a 39.8 billion-dollar loss in the fund's assets in 2008, the biggest drop in its history. But Fernand Perreault, (fur-NAH' Per-OH') the president of the Caisse, said it was still a major player. (Quebec Premier Jean Charest said the government was disappointed with the results and pension fund officials would have to explain what happened before a committee of the Quebec legislature.)

Date: 2009-02-25
Placeline: MONTREAL, Quebec.
Source: The Canadian Press
Length: 20 seconds

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