Ontario Teachers’ Fund Planning Asia Expansion, Independent Says

June 3 (Bloomberg) -- The Ontario Teachers’ Pension Plan, the owner of Camelot Group Plc that operates the U.K.’s National Lottery, plans to expand into Asia, the Independent on Sunday reported, citing an unidentified industry source.

An action plan for Asia is at the proposal stage for the $117 billion pension fund that operates out of London, New York and Toronto, according to the newspaper. The fund has some investments in China, India and Japan and sees Asia as a major area of growth, the newspaper said.

To contact the reporter on this story: Michelle Wiese Bockmann in London at mwiesebockma@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net