September 23, 2014 8:52 PM ET

Capital Markets

Company Overview of Ontario Teachers' Pension Plan

Company Overview

The Ontario Teachers Pension Plan (OTPP) is a privately owned pension fund. The firm manages equity, fixed income, and alternative investment portfolios. It invests in the public equity, fixed income, and alternative investment markets of Canada and across the globe. The firm invests in value stocks of large-cap companies utilizing a bottom-up stock picking approach to create its equity portfolio mix. It also invests in indexed stocks and actively managed equities and benchmarks the performance of its equity portfolios against the S&P/TSX Composite Index, the S&P 500, Morgan Stanley Capital International (MSCI) EAFE Index, and the MSCI Emerging Markets Index. The firm invests in derivatives,...

5650 Yonge Street

Toronto, ON M2M 4H5

Canada

Founded in 1917

Phone:

416-228-5900

Fax:

416-730-5349

Key Executives for Ontario Teachers' Pension Plan

President and Chief Executive Officer
Age: 67
Chief Financial Officer and Senior Vice President
General Counsel
Senior Vice President of Public Equities
Senior Vice President
Age: 55
Compensation as of Fiscal Year 2014.

Ontario Teachers' Pension Plan Key Developments

Investors Reportedly Eye United Biscuits

San Miguel Corporation (PSE:SMC) is considering making a bid for United Biscuits (Holdings) Limited which is owned by The Blackstone Group L.P. (NYSE:BX) and PAI Partners, Reuters reported citing Sky News. Other potential suitors include Kellogg Company (NYSE:K), Savola Group Company (SASE:2050), Ülker Bisküvi Sanayi Anonim Sirketi (IBSE:ULKER) and Ontario Teachers' Pension Plan. The Blackstone Group L.P. (NYSE:BX) and PAI Partners have been working on plans for a sale or a public share listing of United Biscuits (Holdings) Limited that would take place by the end of 2014.

Jeff Davis Joins Ontario Teachers' Pension Plan as General Counsel, Corporate Secretary and Senior Vice-President, Corporate Affairs

Jeff Davis has been appointed General Counsel, Corporate Secretary and Senior Vice-President, Corporate Affairs, of the Ontario Teachers' Pension Plan, effective immediately. Mr. Davis joined Teachers' in 2004 and was promoted to Vice-President and Associate General Counsel in 2010. He has been acting in the role of General Counsel since June. In his new role, Mr. Davis is responsible for the Legal team, as well as Compliance, Corporate Communications, Government and Public Affairs, and Plan Policy. Mr. Davis has more than 17 years of legal experience, specializing in mergers and acquisitions and corporate finance. Before joining Teachers', he was Senior Vice-President, Corporate and Legal Affairs, at InsLogic Corp., and a Corporate Associate at Torys LLP.

Loral Rejects Potential $7 Billion Deal

Loral Space & Communications, Inc.'s (NasdaqGS:LORL) efforts to sell itself and its main asset, Telesat Holdings Inc. has broken down. Loral Space failed to agree on a potential $7 billion deal with the buyer group, people familiar with the matter said. Loral rejected an offer from a consortium involving Ontario Teacher's Pension Plan and another Telesat shareholder, Public Sector Pension Investment Board, which valued Loral at more $80 per share and Telesat at roughly $7 billion including debt, the people said. The talks broke down over a very small price gap and the parties are no longer negotiating a deal, the people said, asking not to be named because the matter is not public. It is not clear what the next steps will be for Loral and its top shareholder MHR Fund Management LLC, which owns a 38 percent stake in the company, or whether the talks could still be resumed in the future.

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