In partnership with the Caisse de dépôt et placement du Québec, Fondaction CSN,
Fonds de solidarité FTQ and Régime de retraite de la CSN

MONTREAL, May 3 /CNW Telbec/ - HR Strategies, a Québec investment management company, announces the establishment of the Fonds Stratégique à Rendements Absolu HRS (SARA Fund), which will invest its assets with Québec absolute return managers. The Fund will be available to Québec and Canadian investors.

HR Strategies will act as General Partner of the SARA Fund, which benefits from an initial investment of $175 million. The main investors are the Caisse de dépôt et placement du Québec ($60 million), Fondaction CSN ($55 million), Fonds de solidarité FTQ ($50 million) and the Régime de retraite de la CSN ($10 million). More investors may be added in the coming months.

This new fund will rely on fundamental analysis to select managers, based on their expertise, reputation and rigour. The Fund principal objective is to deliver steady, healthy returns to its investors — aiming for an average annual return of 5% above the Treasury Bill rate of return.

"In Québec, we have managers who are just as qualified as those of other major financial centres. The SARA Fund will not only enable companies and managers to develop, but will also allow investors to reduce their portfolio risk and obtain attractive and stable returns," said René Perreault, President of HR Strategies.

"We favour managers who are known for their qualitative strategies and have proven fund management track records," said Mr. Perreault. "The portfolios will be completely transparent. We will invest in highly liquid strategies, with managers who will trade primarily stocks, bonds and liquid futures contracts."

"The Caisse's participation in the SARA Fund will both provide the institution with attractive returns relative to the level of risk and boost the development of Québec's financial expertise. HR Strategies, a partner the Caisse knows well, has an interesting road map and is renowned for managing absolute return funds of funds — in addition to offering very reasonable management fees," said Mario Therrien, Senior Vice-President of Hedge Funds at the Caisse de dépôt et placement du Québec.

"This fund will have a developmental effect on Québec's financial industry. It will stimulate activity in the sector. Many features, including its transparency and manager compensation structure, are based on the best practices of socially responsible finance, helping position Montréal, Québec's largest city, on this forward-thinking idea," said Geneviève Morin, Chief Financial and Corporate Development Office at Fondaction CSN.

"In addition to relying on the talent we have in Québec's financial sector, the SARA Fund promotes the emergence of new portfolio managers and, at the same time, supports Québec entrepreneurship in this promising sector. In line with our mission, this initiative also meets the objectives of the major Montréal Finance project," said Gaétan Morin, Executive Vice-President of Investments at the Fonds de solidarité FTQ.

HR Strategies is a member of the Hedge Fund Standards Board (HFSB), an international, London-based organization that aims to implement the industry's best practices and standards, particularly about governance, transparency and manager/investor alignment of interest.. The Caisse de dépôt et placement du Québec is also a member of the Board's Investor Chapter, which includes 30 institutional investors from Europe, Asia and North America. Mr. Therrien of the Caisse also serves on the HFSB Board of Trustees.

About HR Strategies
HR Strategies Inc. (HRS) is an independent investment firm formed in 1993 and based in Montreal, Canada. HRS manages portfolios of hedge funds and other alternative investment strategies for institutional and high net worth investors. HRS is regulated by the Autorité des marchés financiers (AMF).

About the Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. At December 31, 2010, it held $151.7 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information:

About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $7.7 billion, as at November 30, 2010, the Fund is a development capital investment fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. The Fund is a partner, either directly or through its network members, in 2,052 companies. With its 577,511 owner-shareholders, it has helped, on its own or with other financial partners, to create, maintain and protect 150,133 jobs. For more information, visit

About Fondaction CSN
Fondaction CSN invests in Québec SMBs to contribute to the maintenance and creation of jobs in Québec from a sustainable development perspective. It manages $800 million in assets, representing retirement savings from more than 100,000 shareholders. It is the financial partner of about 100 companies and partner and specialized funds in every industry and the social economy.


For further information:

François Morin
For HR Stratégies
(514) 289-8688, ext. 222

Maxime Chagnon
Senior Director, Media Relations
Caisse de dépôt et placement du Québec

Suzanne La Ferrière
Communications Manager
Fondaction CSN
Telephone: 514-525-7041
Cell: 514-704-2944

Josée Lagacé
Senior Advisor, Press Relations and Communications
Fonds de solidarité FTQ Telephone: 514-850-4835
Cell: 514-707-5180

Profil de l'entreprise


Renseignements sur cet organisme


Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.