We do not own any shares of GEO Group

July 11, 2019

3:45 pm 

Ontario Teachers' does not currently own stock in the GEO Group, however we did own it as part of a quantitative trading strategy involving hundreds of stocks for a short period of time. We disposed of it last April. It will not be part of our portfolio going forward.

We regret holding exposure to this stock. This is not the type of investment we want to be part of. On the contrary, Ontario Teachers’ and our members care deeply about human rights and we are committed to investing responsibly.

We have a long history and track record of responsible investing: https://www.otpp.com/investments/responsible-investing

 

July 11, 11:35 am 

We do not own any shares of GEO Group, and do not have an investment strategy or investment themes that target private prisons.

We often trade in and out of companies that are part of major stock indexes, and in the past one of these trades included this company. These trades are part of quantitative investment strategies involving hundreds of companies. They are part of large indices and are done automatically.