Fonds de solidarité FTQ reports record earnings, assets of $10.1 bln

Fonds de solidarité des travailleurs du Québec FTQ has reported net earnings for the year ended May 31, 2014, at a record $774 million, resulting in an annual return of 8.3 percent. Net assets managed by the Montréal-based investor group have also reached a new high of $10.1 billion. Fonds de solidarité FTQ also reported investing $548 million during the year in support of Québec entrepreneurs. Last month, the organization appointed Gaétan Morin as its new president and CEO, replacing Yvon Bolduc.

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