QUÉBEC CITY, Oct. 26, 2017 /CNW Telbec/ - "We've listened to our clients who want to diversify their investment portfolios. We've also listened to business leaders in Quebec who are looking for patient investors to ensure sustainability and ownership transfers, while protecting Quebec businesses," said Guy Cormier, President and CEO of Desjardins Group. "To meet these needs, two of our managers, Desjardins Private Wealth Management and Desjardins Capital, have joined forces to create the Desjardins Capital SME fund. Both partners are committed to an initial capitalization of at least $100 million/year. The new fund, which will be managed by Desjardins Capital, is just what our SMEs are asking for."
"These two Desjardins Group managers will work together to create value for Quebec's business owners, CRCD's 101,000 shareholders and the investors who rely on Desjardins to help them make sound investment decisions."
Read the full story at markets.businessinsider.com.