Montreal-based PSP Investments, which manages $243 billion in pension plan assets for federal government employees, just ended its 2023 fiscal year with a return of 4.4%.

According to PSP management, this return outperformed its benchmark portfolio by 0.2% “despite a particularly difficult environment, both for equities and for bonds. »

“Our strategy of private market diversification and international growth has been key to maintaining stability at the heart of the exceptionally volatile financial markets,” said Eduard van Gelderen, senior vice president and chief investment officer at PSP, in a statement.

For the year ended March 31, performance in the main asset classes managed by PSP was as follows: