The Ontario Teachers’ Pension Plan, the largest such fund in Canada’s most populous province, hired Ken Manget to help run a unit that had C$11.7 billion ($11 billion) in global assets at the end of 2013.
Manget, former head of investment banking at Desjardins Financial Corp., was named vice president of infrastructure. The fund also hired Scott Kamins as an associate in the unit from Macquarie Group Ltd. Deborah Allan, a spokeswoman for the Toronto-based fund, confirmed the hirings today in an e-mail.
Ontario Teachers’, which manages C$140.8 billion in assets, began investing directly in airports, electrical power systems and terminals in 2001. Those holdings returned 17 percent in 2013, according to the firm’s annual report. The fund serves 307,000 active and retired teachers in the province.