Teacher Pension Fund

Teacher Pension Fund Invests with Private Equity

The Ontario Teachers' Pension Plan has decided to try its hand at private equity.

According to CNBC, Jan 27, 2007:

The approach is working. Over the last four years, the plan's private equity portfolio has garnered an average return of 24%, reports CNBC's Melissa Lee. The Ontario Teachers' fund employs an in-house private equity staff of 55.

"We operate the fund as a business--for us that's very important," said Ontario Teachers' Claude Lamoureaux. "And our [private equity] people, they have the same attitude."

A teacher who signs on for the pension plan may still be cashing its checks 70 years down the line. For that reason, the fund focuses on long-term investments--including the Toronto Maple Leafs and Canada's Yellow Pages--that will bring stable returns over time.

Tags: teacher pension fund, teacher's pension fund, pension fund private equity, teacher pension private equity

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