The Caisse de dépôt et placement du Québec puts in place its investment division team

    MONTREAL, Sept. 8 /CNW Telbec/ - Richard Guay, Chief Investment Officer
of the Caisse de dépôt et placement du Québec, is pleased to announce the
appointment of Christian Pestre as Executive Vice-President and Chief
Strategist and Michel Malo as Executive Vice-President, Hedge Funds.
    As Executive Vice-President and Chief Strategist, Christian Pestre will
report directly to the Chief Investment Officer, providing strategic support
for optimization of the Caisse's overall portfolio and management of the
specialized Asset Allocation portfolio. He will also play a key role in the
application of internal and external research findings to enhance the Caisse's
return.
    Also reporting directly to the Chief Investment Officer, Michel Malo,
Executive Vice-President, Hedge Funds, will oversee management of the
specialized Hedge Funds and Commodities portfolios. He will also be
responsible for development of in-house hedge fund management expertise and
capability.
    Previously, Mr. Pestre was the Caisse's Executive Vice-President,
Absolute Return, and Mr. Malo was its Executive Vice-President, Investment
Analysis and Optimization.
    In April, Caisse President and Chief Executive Officer Henri-Paul
Rousseau announced the creation of the Investment Division under the direction
of Richard Guay, Chief Investment Officer. "Since then, we have begun defining
a structure geared to expertise, synergy and innovation that will help us
achieve the Caisse's ambition of becoming a benchmark organization," Mr. Guay
explained. "The appointment of Christian Pestre and Michel Malo to their new
positions will enable the Caisse to rise even more effectively to the
challenges presented by the financial markets and to meet its depositors'
expectations."
    The Caisse's Investment Division consists of the teams responsible for
management of 14 (of a total of 18) specialized portfolios that are invested
in equity markets, fixed income and hedge funds. It also advises depositors on
investment policy, performs asset allocation and conducts investment research.

    About the Caisse de dépôt et placement du Québec
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    The Caisse de dépôt et placement du Québec is a financial institution
that manages funds for public and private pension and insurance funds. Its
main depositors are the Régime de retraite des employés du gouvernement et des
organismes publics (RREGOP), the Régie des rentes du Québec (RRQ), the Fonds
d'amortissement des régimes de retraite (FARR), the Fonds de la santé et de la
sécurité du travail (FSST), the Commission de la construction du Québec (CCQ),
the Société de l'assurance automobile du Québec (SAAQ) and the Régime de
retraite du personnel d'encadrement (RRPE). The leading institutional fund
manager in Canada with $216.1 billion of total assets under management as at
December 31, 2005, the Caisse invests in the main liquid markets as well as in
private equity and real estate. For more information: www.lacaisse.com.

For further information: and source: Lucie Frenière, External
Communications, (514) 847-5949