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Ontario Teachers' Pension Plan closes Asia equity investment team in HK


Ontario Teachers’ Pension Plan is closing down its Asia equity investment team based in Hong Kong, resulting in the loss of five jobs, as the fund shifts focus to its Toronto head office, according to a statement released on Tuesday. The Canadian investor confirmed that Asia remains core to its global investment strategy, and it will continue investing in public and private assets in China via fund partners, as well as in public companies through its global investment teams. Last year, the pension plan announced plans to expand its Asia presence by moving into new offices in Singapore, with a capacity of around 45 to 50 staff. In January, the pension manager paused direct investment in private assets in China.

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