|The partnership, Claridge-CDPQ based in Tel Aviv, will provide the pension fund manager with access to a -
globally-recognized hub for innovation offering higher returns,? the Caisse said in a statement Wednesday.
In turn, Quebec-based companies will benefit from access to Israeli technologies and innovations.
The partnership will be headed by Oded Tal, an investment banker and Claridge's chief investment officer in
Montreal from 2000 to 2008.
"The partnership, along with Tal's expertise and the Bronfman family's long-standing business experience in
Israel, will provide a winning recipe for both Quebec and Israel," said Stephen Bronfman, Claridge's executive
Claridge, based in Montreal, is best known for its property development activities in the city. It also manages a
diverse international portfolio of investments in the technology, energy, entertainment and real-estate sectors.