Ontario Teachers’ Pension Plan , which manages $242.5-billion of assets, is pausing future direct investments in private assets in China, Canada’s No. 3 pension fund said in statement on Tuesday.
Geopolitical risk is among the risk factors that played a role in OTPP’s decision, a source close to the firm told Reuters. The pension’s current exposure to China represents about 2 per cent, or $5-billion, of its net investments, the statement said. OTPP will continue to invest in public markets in China, and indirectly in private markets through fund partners and external managers.
“China has a role to play in our robust portfolio construction approach. We have strong momentum in Asia and will continue seizing diversified investment opportunities in the region,” said the statement.
Source: Financial Digest (financialdigest.net)
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