I read a lot about the Caisse moving away from public equities to the popular pension themes of private equity, infrastructure and real estate.  Seems like a movement away from what was unpopular toward assets that are highly sought after and whose prices reflect that popularity.  Seems like a movement away from assets that are marked to market towards those with no immediate pricing mechanism due to the discomfort from short term pricing.  In other words, a focus on price rather than aue.  Seems like a mistake.