Ontario Teachers' Pension Plan

Ontario Teachers' Pension Plan News

  • Leech Says Ontario Teachers’ Opening Office in Hong Kong

    Ontario Teachers’ Pension Plan received its full licensing in Hong Kong today and the fund will open an office there, according to Chief Executive Officer James Leech.

  • Edmund Kim Joins ONCAP, Robert Collins hired at GMP: Buzz

    Edmund Kim joined ONCAP Management Partners in Toronto as a director from M/C Partners in Boston where he was vice president, according to Vlaad and Co., a Toronto-based financial services recruiting firm.

  • Computer Sciences Corp. Reaches $97.5 Million Settlement

    Computer Sciences Corp. agreed to pay $97.5 million to settle a class-action lawsuit over alleged false statements about accounting and the company’s performance on a multibillion-dollar contract.

  • Ron Mock Succeeds Jim Leech as CEO of Ontario Teachers

    Ron Mock, senior vice president of fixed income and alternative investments at Ontario Teachers’ Pension Plan, will succeed Jim Leech as chief executive officer and president next year.

  • Aircastle Aims to Double Plane Leasing Assets to $10 Billion

    Aircastle Ltd. aims to double its aircraft leasing assets to $10 billion over the next five years as rising travel in Asia spurs demand for planes.

  • Ontario Teachers Completes Syndication of A$465m Loan

    Ontario Teachers’ Pension Plan Board has completed the syndication of a A$465 million fully-secured five-year loan that supports its purchase of a 70% stake in Leighton Holdings’ NextGen telecommunications unit, according to two people familiar with the matter. * Lenders joining include Westpac, ANZ, CBA, Investec, ING Bank, Export Development Canada, Bank of Nova Scotia, and Siemens * Borrower: Ontario Teachers’ Pension Plan Board * Underwriters: HSBC, Macquarie and Morgan Stanley * Amount: A$465m * Tenor: 5 yrs * Loan type: A$120m amortizing term loan, A$220m bullet term loan, A$100m bullet loan for capital expenditure and a A$25m revolving facility * Margin: Starts at c. 425-450bps, based on leverage grid * Fees: 350bps to 370bps, depending on commitments * Financial close expected by end of May, said one of the people * Status: Closed * Information from people familiar with the deal, who asked not to be identified because the details are private NOTE: Leighton and Ontario ag

  • S&P Early Victory in U.S. Fraud Suit Seen as Unlikely

    McGraw-Hill Cos.’s Standard & Poor’s unit is set to take its first stab at fending off the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.

  • Standard & Poor’s Urges Judge to Dismiss U.S. Ratings Fraud Suit

    McGraw-Hill Cos.’s Standard & Poor’s unit urged a federal judge to throw out the U.S. Justice Department’s allegations that the company’s mortgage-backed securities ratings were fraudulent.

  • Barrick Shareholders Oppose $11.9 Million Thornton Bonus

    Barrick Gold Corp. investors including Canada’s six biggest pension fund managers criticized as excessive a $11.9 million signing bonus paid to John Thornton, co-chairman of the world’s biggest gold producer.

  • MGM Resorts Step Closer to Toronto Casino

    MGM Resorts International and Cadillac Fairview Corp. are a step closer to building a casino in Toronto after the mayor’s executive committee voted in favor of gaming in Canada’s biggest city.

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