(Adds comparable yields from 2014; quotes)
By Allison Lampert
MONTREAL, Aug 14 (Reuters) - Caisse de depot et placement du
Quebec, Canada's second-largest pension fund manager, said it
will have to raise its "game" if it is to continue to deliver
yields like the weighted average return of 5.9 percent it
reported Friday for the first half of 2015.
The Caisse, which manages public pension plans in the
predominantly French-speaking province of Quebec, has said it is
counting on yields from its infrastructure and real estate
divisions to carry the load given expected slower global
economic growth and weaker returns from equity markets.
Its four-year average annual return has been 10.2 percent.
For the first half of 2014, the Caisse reported a four-year
annualized return of 11.1 percent and a six-month return of 6.7
percent.
"Like all investors, the Caisse has certainly benefited from
bull markets that have been fueled by stimulative monetary
policies," Chief Executive Michael Sabia said in a news release.
"Continuing to do well will be even more challenging in the
months and years to come," he added. "It's not time to go to the
beach. It's time to double down and raise our game."
The Caisse reported net assets of C$240 billion ($184.12
billion) as of June 30, compared with C$225.9 billion at the end
of 2014.
($1=$1.3035 Canadian)