Innovation is the key to our success. What makes Teachers’ different and how have we led the way for innovative investment management?

• We bought sports teams — we are majority owners of the Toronto Maple Leafs, Raptors and Toronto FC.
• We were a first mover in infrastructure and timberland investing among pension plans worldwide.
• We were the lead investor in the largest Brazilian IPO of 2008 (OGX Petroleo e Gas).
• We make private capital investments directly instead of using funds.
• We opened offices in London and New York for enhanced access to international investment opportunities.
• We own one-third of the regulated water market in Chile and have significant interests in the electricity sector.
• We financed two of Canada’s largest-ever buyouts with New York buyout specialist Kohlberg Kravis Roberts — $3 billion for Yellow Pages in 2002 and $2.5 billion for Shoppers Drug Mart in 2000.
• We were a founding equity partner in WestJet, Canada’s leading discount airline.
• We were the first pension fund to buy a real estate company — Cadillac Fairview.
• We diversified the fund in the early 1990s by investing billions in derivatives markets.
• We consolidated the Canadian coal industry to create the second-largest coal exporter in the world with Sherritt International (Fording Canadian Coal Trust, 2003).
• We introduced internally managed hedge fund strategies, including long/short equities programs.
• We earned a AAA credit rating to provide a corporate guarantee for real estate debt.