The Ontario Teachers’ Pension Plan (Teachers’) is the largest single-profession pension plan in Canada, responsible for investing the plan’s assets and administering pensions for 300,000 active and retired teachers.
Teachers’ diversified investment program includes a C$11.0 billion infrastructure and timberland portfolio (at Dec. 31, 2011) designed to generate long-standing, stable returns to pay inflation-indexed pensions. Teachers’ invests directly in infrastructure enterprises as a long-term investor, selecting assets to match the plan’s investment goals and future pension obligations.
When Teachers’ started investing in financial markets in 1990, the fund stood at C$19 billion. Today, it has grown to C$117.1 billion (at Dec. 31, 20011) representing an average annual rate of return of 10% since 1990. Since inception, active management by the Teachers’ investment team has added $53.0 billion to the plan’s asset size.
Teachers’ Infrastructure Group is a global investor and focuses on assets including:
- Toll roads
- Water and wastewater utilities
- Electricity distribution and transmission
- Oil and gas pipelines
- Contracted power generation
- Marine container terminals
To ensure the portfolio companies remain productive over the long investment horizon, Teachers’ may provide financial support for additional investments in their businesses.
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