Fonds de solidarité FTQ reports 7.1 pct return, $11.2 bln in assets
The Fonds de solidarité FTQ has reported comprehensive income totaling $112 million for the six-month period ended November 30, 2015, which contributed to a 12-month return of 7.1 percent. Net assets managed by the Fonds also rose to $11.2 billion. The Fonds reported investing $324 million throughout Québec during the six-month period. Activity included the $186 million acquisition of Manac Inc, a Saint Georges, Québec-based specialty trailers manufacturer. The Fonds also led the $9 million Series A funding of NoviFlow Inc, a Montréal-based networking technology startup.
5 January 2016•3 mins read
