Skip to content
Subscriber Only
Markets
Deals

Ontario Teachers' Posts Worst Return Since 2008 on Pound's Drop

  • Pension plan return of 4.2% is down from 13% gain in 2015
  • Fund manager shifted to fixed income from stocks to cut risk
British one pound coins
Photographer: Jason Alden/Bloomberg
Updated on

The Ontario Teachers’ Pension Plan posted its worst annual return since 2008 after the plunge in the British pound and other currency moves curbed investment gains.

The 4.2 percent gain for 2016 was down from 13 percent in 2015, and trailed the fund’s average annual return of 10 percent since it was founded in 1990. It was the worst performance since the financial crisis.