After increasing by 15.1 per cent in 2017, the assets under management of the world’s 300 largest pension funds fell by 0.4 per cent in 2018, according to data from Willis Towers Watson’s Thinking Ahead Institute. It found the 300 funds’ total assets under management was US$18 trillion for the year. “A tougher market environment […]
The Ontario Teachers’ Pension Plan’s chief operating officer of enterprise operations is moving to a new role at the United Nations Joint Staff Pension Fund. Rosemarie McClean will become chief executive officer of the pension fund, effective Jan. 1, 2020. Since joining the Ontario Teachers’ in 1986, McClean has gradually taken on more responsibility, including shaping the plan’s […]
The Ontario Teachers’ Pension Plan increased its net assets by $10.3 billion in the first half of the year, reaching a total of $201.4 billion as of June 30, 2019, and achieving a return of 6.3 per cent. “We’re pleased to report that our results at mid-year are strong,” said Ron Mock, president and chief […]
The Ontario Teachers’ Pension Plan and Australian superannuation fund AustralianSuper are investing up to US$1 billion each in the National Investment and Infrastructure Fund of India’s master fund. The agreement includes US$250 million from each pension fund, as well as investment rights of up to US$750 million each for ongoing opportunities alongside the master fund. In addition, the […]
The Ontario Teachers’ Pension Plan has named Jo Taylor as its new president and chief executive officer, effective Jan. 1, 2020. Currently executive managing director of global development at the pension fund, Taylor will succeed Ronald Mock, who is retiring on Dec. 31, 2019, after nearly two decades at Ontario Teachers’. Read: Ontario Teachers’ posts 2.5% return for 2018 […]
The Ontario Teachers’ Pension Plan has released its first climate change report. Written following the recommendations of the Financial Stability Board’s task force on climate-related financial disclosure, the report outlined the plan’s governance approach and strategy with regard to climate change. “Climate change is one of the biggest and most daunting challenges facing the world.” […]
The Ontario Teachers’ Pension Plan is investing in Space Exploration Technologies Corp., more commonly known as SpaceX. The company, which was founded by Elon Musk, designs, manufactures and operates advanced rockets and spacecraft. It’s the inaugural investment of the Ontario Teachers’ late-stage venture capital and equity growth platform, the Teachers’ Innovation Platform, which was launched […]
The Ontario Teachers’ Pension Plan has terminated an agreement to sell its 10 per cent stake in the Hudson’s Bay Co. to a private entity. The announcement comes after HBC’s publicly traded shares rose above what the Ontario Teachers’ would have received under the Jan. 3 agreement to sell them. It had agreed to sell […]
The Ontario Teachers’ Pension Plan is appointing six new managing directors in its investment division. Maggie Fanari has been promoted to managing director of the teachers’ innovation platform and high conviction equities. Fanari was previously responsible for supporting the build of the global strategy for the innovation platform. Since joining the pension fund in 2006, she’s worked on large-scale investments in both public and […]
The Ontario Teachers’ Pension Plan is selling its stake in BluEarth Renewables Inc. to DIF Infrastructure V, a European independent infrastructure fund. The Ontario Teachers’ was a founding shareholder in BluEarth, an independent renewable power producer that builds, owns and operates solar, hydro and wind facilities in North America. Following the sale, DIF V will own […]