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OPTrust Joins Canada Pension Peers Bringing Trading In-House

  • Ontario fund eyes more agility in ‘evolutionary’ step: CIO
  • Will have 10 portfolio managers to oversee its public assets
Updated on

Canadian pension plan OPTrust is catching up with its bigger domestic peers by setting up a trading floor and adding as many as 10 portfolio managers to oversee about half of its C$18.4 billion ($13.9 billion) of assets in-house.

The move to internalize oversight of foreign-exchange, fixed-income and derivatives strategies is meant to improve the pension plan’s risk management by getting “closer to the coal face,” said James Davis, OPTrust’s chief investment officer, who’s handling the transition. The fund, ranked 18th by assets in Canada according to a research of pension funds by London-based Willis Towers Watson Plc, currently has external firms managing its market assets.