Pensions
Ontario Teachers’ Returns 1.9% in 2023
Losses in infrastructure and real estate offset strong equity returns for the fund.
Cherki will oversee a team of 40 and manage the pension fund’s C$29.3 billion real estate portfolio.
The C$249.8 billion pension fund has named Stephen McLennan acting head of investments.
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
Jo Taylor will become the new chief January 1, 2020, after Ron Mock departs.
New investment head Ziad Hindo aims to boost international investing, along with a newly named global development director.