Asset Allocation
Ontario Teachers’ Pension Departs Airport Business
The pension fund sold its stakes in the five airports it owned in multiple transactions spanning fewer than three months.
The pension fund sold its stakes in the five airports it owned in multiple transactions spanning fewer than three months.
The Canadian pension fund’s asset value increased nearly C$12 billion for the year to June 30.
Plant-based sources move onto the table to supplant beef and its ilk.
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.
The former head of ESG at Sun Life Capital Management will lead the $178.6 billion pension fund’s climate strategy.
The purchase from asset manager TPG nets the pension fund seven electricity lines in 10 Brazilian states.