December 10, 2010
TORONTO - The Ontario Teachers' Pension Plan (Teachers') received aiCIO's Industry Innovation Award for public pension funds with over $15 billion in assets, at a recent ceremony in New York City.
The aiCIO Awards honour asset owners, such as public and corporate pensions, endowments and foundations that have successfully understood and acted upon material risks in today's markets and delivered long-term and consistent results.
"Due to strong pension governance that removes it almost entirely from the political process, Teachers' is able to compete with hedge funds and investment banks for talent – resulting in world-class internal alternatives teams that are scooping up large assets worldwide while providing robust returns for their constituents," noted aiCIO.
"We are honoured to receive this recognition," said Neil Petroff, Executive Vice-President, Investments and Chief Investment Officer. "We have a highly skilled investment team at Teachers', who have helped build a reputation for innovative, in-house asset management that has long distinguished our investment program."
With C$96.4 billion in assets as of December 31, 2009, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 289,000 active and retired teachers in Ontario. For more information visit www.otpp.com.
Director, Communications and Media Relations
Ontario Teachers' Pension Plan