Ontario Teachers’ Pension Plan returned 11 per cent last year, helped by big gains in private equity and natural resources investments that mitigated losses in its bond portfolio.
The fund outperformed its benchmark by 2.3 percentage points, lifting assets under management to $241.6 billion (US$189.2 billion), the Toronto-based pension manager said Monday in a statement.
The fund told third-party managers that it has no desire to be exposed to Russia, Chief Executive Officer Jo Taylor said in an interview, adding that the firm’s indirect exposure to the country is less than CUS$50 million. Ontario Teachers’ also is ensuring its portfolio companies comply with the sanctions imposed on Russia, he said.
Teachers’ committed US$5 billion in energy transition assets, pushing its green portfolio to $30 billion.
Read more: BNN Bloomberg
