La Caisse de dépôt et placement du Québec says the “current situation in Gaza” has it looking to sell its stakes in two funds held by Claridge Israel, its joint venture in Tel Aviv with the holding company of Montreal businessman Stephen Bronfman. (Journal de Montréal)
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La Caisse de dépôt et placement du Québec says the “current situation in Gaza” has it looking to sell its stakes in two funds held by Claridge Israel, its joint venture in Tel Aviv with the holding company of Montreal businessman Stephen Bronfman. (Journal de Montréal)
Talking point: La Caisse is one of many institutional investors that has been under pressure to divest from assets in Israel over its war against Hamas. A UN report in July accused the public investor of taking part in the “economy of genocide” due to $9.6 billion it has invested in firms allegedly profiting from the conflict. La Caisse rejected that claim and said it had ended any new business in Israel and the Palestinian territories. Jean-Benoit Houde, a spokesperson for La Caisse, told The Logic it began taking steps months ago to remove itself from the Claridge Israel funds, which its latest annual report said could together be worth up to $600 million. “We are fully aware that this is not a good time to invest in Israel,” he wrote. Claridge did not respond to a request for comment from The Logic.
Editor’s note: This briefing has been updated with comment from La Caisse.
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