Pension Plan Lower Valuations Impact Performance in Ontario Teachers’ Portfolio
Toronto, Ontario – The Ontario Teachers’ Pension Plan reported a 1.9% gain last year, falling short of its benchmark due to lowered valuations on real estate and infrastructure investments impacted by rising interest rates. The plan attributed the write-downs to “asset-specific events that negatively impacted select investments” in a statement released Tuesday. These declining valuations offset gains made in credit and stock holdings. Despite the underperformance, the Ontario Teachers’ Pension Plan remains a significant player …