Summary
Canada's second-biggest pension fund, La Caisse, has stopped making new investments with UAE-based company DP World. This decision comes after discovering connections between DP World's CEO, Sultan Ahmed bin Sulayem, and Jeffrey Epstein. The fund wants DP World to clarify these links and take action.
Key Facts
- La Caisse is Canada’s second-largest pension fund.
- DP World is a logistics company based in the United Arab Emirates.
- Sultan Ahmed bin Sulayem is the CEO of DP World.
- Ties between bin Sulayem and Jeffrey Epstein have been revealed in files released by the U.S. Justice Department.
- La Caisse will not make new investments with DP World until the issue is cleared up.
- La Caisse is not a shareholder in DP World but partners on some projects.
- DP World operates more than 60 ports and terminals around the world.
- In 2022, La Caisse invested $2.5 billion in DP World’s assets in the UAE.
