Ontario Teachers to open Hong Kong office in 2013
Ontario Teachers’ Pension Plan (OTPP), Canada’s third-largest pension fund, is planning to open a Hong Kong office next year as part of efforts to diversify its investments. Its domestic counterpart, Canada Pension Plan Investment Board, has already set up a presence in Hong Kong to support its activities in the region.
According to Bloomberg, OTPP sees Asia as a major area of growth. The IMF expects emerging Asian economies to expand 7.2% in 2013, while China is expected to grow at 8.3%, compared with the 3.6% global...
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