State Street sub-advising China pension fund

Montreal Mafia: Canada''s Duhamel links with Quebecois pension fund to help China''s nascent social security fund.

State Street is sub-advising China's National Security for Social Security Fund to implement what will be a national pensions investment system. State Street's role is to support the Caisse de Depot et Placements du Quebec, Canada's largest pension fund, which is consulting the National Council regarding asset management, including advising on implementation of asset allocation, fund manager selection and back-office operations.

Vincent Duhamel, State Street's Hong Kong-based CEO, says the firm's role will focus on giving CDPQ portfolio...

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