The Ontario Teachers' Pension Plan will partially transfer funds to the public market.
Jo Taylor, CEO of the Ontario Teachers' Pension Plan, stated that the fund is currently "hoarding" capital in the public markets after selling off some assets in the private market investment portfolio last year. Taylor said, "We sold off some private equity assets, and our plan is to reinvest this capital." "We are actually just parking this money temporarily until we determine where to redeploy it."
The Ontario Teachers' Pension Plan reached multiple asset sale agreements last year, including selling its stakes in Copenhagen Airport, Brussels Airport, and three airports in the UK. The fund also agreed to sell its majority stake in the Indian hospital group Sahadri.
Taylor added that the fund manages assets worth 269.6 billion Canadian dollars and reduced its allocation to US dollars and US Treasury bonds in the first quarter of last year due to the "devaluation risk of the US dollar." However, as the fund shifts towards "benign" but liquid markets, its equity weight still leans towards the US. Taylor said, "The US still makes up 30% to 35% of our investment portfolio. It will still be an important region for future capital deployment."
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