Chart: The Highest Paid Pension CEOs

Over the weekend, the Financial Times released a list of the 14 highest-paid pension CEOs in the world. Jim Leech of the Ontario Teachers’ Pension Plan, who earned over $7 million in 2013, tops the list. The rest of the list can be seen above, along with fiscal year 2013’s investment returns. The accompanying Financial Times story can be read here.

Ontario Teachers’ Pension Completes Purchase of Portable Storage Company

The Ontario Teachers’ Pension Plan (OTPP) has completed its acquisition of PODS, a portable storage company that the pension plan bought for over $1 billion. OTPP announced the acquisition in December, but the sale wasn’t finalized until Monday. More from a release: Founded in 1998, PODS pioneered the portable moving and storage industry and ...

It’s Hard to Find a Good Deal When Everything is This Expensive, Says Ontario Teachers’ Pension CEO

The CEO of the Ontario Teachers’ Pension Plan, Ron Mock, spoke at the World Economic Forum last week. One of the topics he touched on was how hard it is to find bargains in the current market, where “everything is expensive” and deals can turn into “non-stop auctions”. More on his remarks from ai-cio.com: The head of one of the world’s ...

Former Canada Pension Exec Now Working on Restructuring University of California Fund

Brian Gibson, former investment executive at the Ontario Teachers’ Pension Plan, went into semi-retirement in 2012. Now he’s brought his expertise to the United States, and is helping to restructure the endowment and pension fund of the University of California. From the Financial Post: Gibson was hired last May about one month after Jagdeep ...

Video: Canadian Plans Push Back Against Proposed Regulations

Three of Ontario’s pension plans — the Healthcare of Ontario Pension Plan (HOOPP), the Ontario Municipal Employees Retirement System (OMERS) and the Ontario Teachers’ Pension Plan — are protesting a section of a new Act that would place pension plans under the regulatory power of a newly-created securities regulator. Pension plans ...

Ontario Teachers’ Pension No Longer In Talks to Buy Satellite Company

The Ontario Teachers’ Pension Plan had been in talks for months to buy satellite company Loral Space & Communications, and even had “handshake deal” in place. But the talks have stalled, according to reports, because the pension fund “is so fed up” with the company’s founder that “they can’t see straight”. From the New York Post: Mark ...

Ontario Teachers’ Pension Buys Chain of Animal Hospitals for $440 Million

The Ontario Teachers’ Pension Plan has bought PetVet, a chain of veterinary practices, from private equity firm Catterton. The deal was worth $440 million, according to the Wall Street Journal. More details from the WSJ: The sale is the latest in a string of transactions in the pet-care and pet-products market, where increased consumer spending has ...

Ontario Teachers’ Pension Boosts Stake in UK Airport

The Ontario Teachers’ Pension Plan has increased its stake in Birmingham airport after the airport reported its busiest November on record. The pension fund’s stake in the airport now totals 48 percent. From the Financial Times: The Birmingham deal comes a week after the regional airport said passenger numbers in November were the highest ever ...

Ontario Teachers Pension Buys Storage Company

The Ontario Teachers’ Pension Plan has announced it will buy PODS, a moving and portable storage company. Ontario Teachers’ will purchase the entire company; the sale will be finalized in early 2015. From the Tampa Bay Business Journal: “We are excited about our new ownership by Teachers’ and are also appreciative of the support we ...

Ontario Teachers’ Pension Partners With PE Firm to Buy Computer Networking Company

The Ontario Teachers’ Pension Plan is no stranger to direct investing – the pension fund has an entire arm devoted to it, called Teachers’ Private Capital (TCP). It was revealed Monday morning that TCP, along with a private equity firm, have agreed on terms to buy computer-networking company Riverbed Technology Inc. Reported by Bloomberg: Riverbed ...
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