
Pensions
Ontario Teachers’ Makes Nearly 8-Fold Gain From C$4.6B Amica Sale
The pension fund acquired the luxury senior homes operator in 2015 for C$578 million.
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.