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Ontario's Teachers' Pension Plan leaving HK

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  1. 24-03-2025, 09:54 AM #1
    nivek2046
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    Ontario's Teachers' Pension Plan leaving HK

    more to come?

    https://www.bloomberg.com/news/artic...nd=phx-markets

    https://www.scmp.com/business/bankin...hift-singapore

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  3. 24-03-2025, 10:16 AM #2
    Hkemail888
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    Quote Originally Posted by nivek2046:
    more to come?

    https://www.bloomberg.com/news/artic...nd=phx-markets

    https://www.scmp.com/business/bankin...hift-singapore
    more to come for sure, people want to be in a place that is stable and well managed
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  4. 24-03-2025, 10:20 AM #3
    nivek2046
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    is LKS' family next?

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  5. 24-03-2025, 10:29 AM #4
    shri
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    Remember this old news... 2023


    The Ontario Teachers' Pension Plan (OTPP) closed down its China equity investment team based in Hong Kong in April, Reuters has reported. Canada's second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), has also stopped making private deals in China and will close its Shanghai office this year, the Financial Times reported in June.
    https://www.reuters.com/markets/cana...es-2023-09-01/
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  6. 24-03-2025, 11:31 AM #5
    muzzdang
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    Quote Originally Posted by shri:
    Remember this old news... 2023




    https://www.reuters.com/markets/cana...es-2023-09-01/
    So the signs were there. Pretty hard to justify a HK office when you are prohibited to make new investments into China
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  7. 24-03-2025, 12:10 PM #6
    shri
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    Quote Originally Posted by muzzdang:
    So the signs were there. Pretty hard to justify a HK office when you are prohibited to make new investments into China
    It was the lazy "glamor" diversification option. These "govt" pension guys have no business doing private deals in EM. There are plenty of boring diversification options available to them. They were being wined and dined all across town and the party shut down during protests and covid.

    I have for the longest time maintained that if you look hard enough there are better assets and asset classes available if you're not falling for the 2 billion+ armpit market hype, for growth or income. I have the same opinion of India.
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  8. 24-03-2025, 12:15 PM #7
    muzzdang
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    For sure they have different portfolios and risk profiles attached to each type of investments.

    It's not easy maintaining a good return for the pensioners if OTPP only acquired stable, good returns. See them also like a semi-SWF

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  9. 24-03-2025, 05:54 PM #8
    East_coast
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    Quote Originally Posted by muzzdang:
    So the signs were there. Pretty hard to justify a HK office when you are prohibited to make new investments into China
    Officially - 'discouraged by China's faltering economic recovery and tensions with the West'
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