La Caisse, the public pension fund of Québec, awarded Pembroke Management Ltd. a C$250 million ($181 million) mandate, a part of La Caisse’s goal of having C$8 billion invested with Québec-based asset managers by 2028. The investment will be made through the manager’s concentrated strategy, which invests in 15 to 20 North America-based, high-quality small and mid-cap public equities. Pembroke Management, founded in 1968, manages assets for institutional investors, foundations, family offices, and individuals. With this in mind, we are calling on Québec-based management firms to support us in diversifying our portfolio, complementing the work of La Caisse’s teams, said Vincent Delisle, head of liquid markets at La Caisse, in a statement. Related Stories:La Caisse Acquires Australian Renewable Energy CompanyLa Caisse’s Equities Portfolio Leads 4.6% First Half ReturnLa Caisse Invests $2.3B in UK Nuclear PlantTags: Caisse de dépôt et placement du Québec (CDPQ), Manager selection