A deep dive into the world-class private capital division of OTPP, led by Jane Rowe, reveals a strategy of buying large direct stakes in companies, and a commitment to innovation.
INVESTOR PROFILE
OTPP’s private equity revolution
INVESTOR PROFILE
OTPP: an innovator’s tale
OTPP is “on the cusp of unleashing a whole brand new level of innovation in the organisation that has not seen in the past 15 years."
INVESTOR PROFILE
GPIF announces boosted stewardship role
A year on from signing the PRI, the world’s biggest pension fund will seek discussion with non-Japanese asset owners regarding advances in environmental, social and governance practices.
ANALYSIS
Pay for performance
Pension fund executive pay varies widely around the globe, with differences based on internal management and alternatives exposures. Amanda White examines pension fund executive pay.
ANALYSIS
OTPP advises on climate risk mitigation
Ontario Teachers’ Pension Plan (OTPP), an investor known for its advanced risk-management tools and processes, considers that the common tools available to investors to mitigate carbon risk for investors – portfolio carbon footprints and thematic divestment – provide incomplete risk management. The fund has suggested macro- and microanalysis is necessary to understand a company’s complete... Read more »
ANALYSIS
Focusing on the long term: a guide
Investors say they like to, and want to, focus on the long term, but they often don’t know how to change their practices to orient their governance and investments to do so. Now, finally, a guide has been developed for investors to use as benchmark for implementing strategies for long-term investment. The guide is an... Read more »
EDITORIAL
Does pay for performance work?
Governance experts say that paying competitive salaries for internal staff will have benefits across the entire fund. For some, including those working in public sector pension funds or profit-to-member funds, that is unpalatable. But a comparison of salaries and total investment costs, between two large, different and high profile funds – Ontario Teachers and CalPERS... Read more »
OPINION
How to hedge long-term inflation-linked liabilities without inflation-linked instruments
Given the capacity constraints on local inflation-linked bond markets, what are other options for hedging long-term inflation-linked liabilities? This is a question Ontario Teachers’ Pension Plan has been deliberating on as it supports an academic chair at EDHEC-Risk Institute with a focus on analysing the design of novel forms of liability-hedging portfolios that do not... Read more »
ANALYSIS
The case for long-termism
Keith Ambachtsheer’s lead article in the Fall 2014 edition of the Rotman International Journal of Pension Management, takes readers through an historical and logical journey that supports the case for long-termism. Importantly he validates this with four high-profile investor case studies which demonstrate that a long-term view benefits society but also the investors, willing to... Read more »
ANALYSIS
New leadership prompts strategy review at ICPM
A decade since the formation of the Rotman International Centre for Pension Management is a good time to review the organisation’s raison d’etre. Amanda White spoke to ICPM chair, Barbara Zvan, chief investment risk officer of Ontario Teachers’ Pension Plan, and the outgoing and incoming executive directors, Keith Ambachtsheer and Rob Bauer. “There is... Read more »
ANALYSIS
The power of benchmarking: GRESB comes of age
Now in its fifth year GRESB, the benchmark that measures the sustainability performance of real estate portfolios, has been influential in changing the sector’s performance and environmental impact. Now Nils Kok, executive director of GRESB and associate professor in finance at Maastricht University, says that infrastructure and private equity assets are ripe for a benchmark... Read more »
ANALYSIS
Emerging markets: the strategy choice
Usually when the $129-billion Ontario Teachers Pension Plan makes a strategic move, the rest of the investing community pays attention. With a 15-per-cent allocation to emerging markets and a strategic plan to increase it to 20 per cent over the next couple of years, OTPP just opened an office in Hong Kong to take advantage... Read more »
