The Ontario Teachers’ Pension Plan posted a net return of 3.2 per cent for the first half of 2018, adding $4.4 billion to the plan as of June 30, 2018. Speaking on a conference call on the mid-year result, Ron Mock, president and chief executive officer at the OTPP, called the first six months of […]
BMO Capital Markets, alongside the Ontario Teachers’ Pension Plan, has launched a pilot fixed income issuance transaction, mirrored on a blockchain platform. In the transaction, the Bank of Montreal acted as the issuer, while Ontario Teachers’ purchased a $250 million one-year floating rate deposit note. It marks the first Canadian dollar fixed income issuance showing the viability […]
The Ontario Teachers’ Pension Plan is providing a $200 million round of financing to Stem Inc. to finance its acquisition of artificial intelligence-driven energy storage projects in Ontario. The pension fund took part in the company’s first round of Series D financing in January 2018. Within the next 12 months, Stem plans to use the funds to expand its […]
The Ontario Teachers’ Pension Plan has appointed Ziad Hindo as its new chief investment officer. Since joining Ontario Teachers’ in 2000, Hindo has been responsible for the investments division and overall investment portfolio, most recently in the capital markets department. In the new role, he’ll report directly to the plan’s president and chief executive officer, Ron Mock, who has been filling in as […]
The kingdom of Belgium has presented Ron Mock, president and chief executive officer of the Ontario Teachers’ Pension Plan, with its second-highest order of knighthood. The honorary order of knighthood, known as Belgium’s commander of the order of the crown, was presented to Mock for his service to the Belgian state by Belgian ambassador Raoul […]
The British Columbia Investment Management Corp. and Australian institutional funds manager IFM Investors are entering into an agreement with the Ontario Teachers’ Pension Plan to become equity partners in a Vancouver-based container terminal operator. Ontario Teachers’ will continue to hold 37.5 per cent of GCT Global Container Terminals Inc., with IFM acquiring 37.5 per cent and […]
The Ontario Teachers’ Pension Plan and the California Public Employees’ Retirement System are expressing their support for the U.S. Security and Exchange Commission’s proposal for a transaction fee pilot. In a letter to the SEC indicating their support, along with the support of several other Canadian and U.S. public plans, the funds argued that technical advancements and regulatory changes […]
The Ontario Teachers’ Pension Plan has appointed Dale Burgess as senior managing director of infrastructure and natural resources. Burgess has been serving as interim head of infrastructure and natural resources since February and will assume the permanent role immediately. Read: Ontario Teachers’ appoints new Asia-Pacific regional investment head In the new role, Burgess will oversee the […]
Investments from pension funds accounted for 25 per cent of Canadian investment in the Asia-Pacific region between 2013 and 2017. Their share was up from just one per cent between 2003 and 2007, according to a new report. The report, released by the Asia Pacific Foundation of Canada, found that between 2003 and 2017, Canadian […]
As Ontarians prepare for the upcoming provincial election campaign, the province’s auditor general is raising the stakes in her dispute with the government about its accounting treatment of two of its biggest public pension plans. On Wednesday, auditor general Bonnie Lysyk released her report into the government’s budget projections ahead of the June election. In […]