Quebec's Caisse to restructure real estate division following losses

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CANADA - Caisse de dépôt et placement du Québec is set to restructure its real estate division after it lost C$5.7bn (US$5.2bn) in the first half of the year.

The scheme said it would no longer invest in mezzanine and other subordinated loans in an effort to focus more on its core operations. It said unrealised losses in real estate debt totalled C$2....

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