Canada's pension giant plans to invest over £8 billion in the UK.

On May 25, Jin10 reported that the second largest pension fund in Canada, the Caisse de dépôt et placement du Québec (CDPQ), announced plans to invest over £8 billion in the UK over the next five years. This will give a boost to the fundraising plan of UK Chancellor of the Exchequer, Jeremy Hunt, aimed at infrastructure development. In an interview, the fund’s CEO, Charles Emond, revealed plans to increase asset allocation in the UK by 50%. Currently, CDPQ manages assets worth CAD 473 billion (£254 billion) on behalf of 6 million contributors, with existing investments in the UK including equity in the Welsh Water and the London Array offshore wind farm in the Thames Estuary, totaling approximately £17 billion.