Caisse de Dépôt et Placement Creates Absolute Return Group

Date: Friday, November 7, 2003

By Paul Barr, Senior Reporter: Hedgeworld.com- MONTREAL- The large Canadian pension fund manager Caisse de Dépôt et Placement du Québec restructured its investment operation, devoting one of five new units solely to absolute return strategies. The new absolute return group is headed by Christian Pestre, who was promoted to the position of executive vice president of absolute return from his role as associate vice president for hedge funds and fixed income, according to CDP. The new group run by Mr. Pestre oversees arbitrage operations in financial markets, currency and commodity operations as well as its specialized hedge fund portfolio. For the complete article: http://www.hedgeworld.com/news/read_news.cgi?section=intl&story=intl10530.html