OPTrust's in-house trading floor makes 1000th tradePosted: September 11, 2017
TORONTO, September 11, 2017 – OPTrust's in-house trading floor has accomplished its 1000th trade. OPTrust launched its in-house trading floor in June 2017. Over time, it will internalize public market asset management of approximately 40 to 50 per cent of the plan's assets.
Over the past two years, OPTrust has developed and is implementing its member-driven investing strategy, which was designed to enhance pension certainty, sustainability and stability. As part of that strategy, the pension plan decided to manage the majority of our public market assets and strategies in-house. This creates better opportunities to support the overall investment strategy and the goal of keeping the plan fully funded. The MDI strategy maintains a focus on aligning the plan's outcomes with the needs of members.
"The 1000th trade serves as a measurable achievement to the success of OPTrust's member-driven investing strategy," said Hugh O'Reilly, OPTrust President and CEO. "The reporting and reconciliation aspects of in-house trading are working smoothly, as expected. This trading activity represents our efforts to increase our understanding of, and response times to, volatile markets as we pay our members pensions."
With net assets of $19 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 90,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.
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