
Pensions
Ontario Teachers’ Nets 9.4% Return, Assets Grow to $185.5B
The fund touted strong returns across equities, credit and inflation-sensitive assets.
The Canadian pension fund’s asset value increased nearly C$12 billion for the year to June 30.
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.