The Ontario Teachers’ Pension Plan reported a net return of 4% for 2022, as net assets grew to $247.2bn. The pension fund has invested heavily in tech and financial services, but CEO Jo Taylor said he was not looking to buy the Canadian business of failed Silicon Valley Bank. Taylor said his corporation could end up owning a bank, but there would be a lot of issues to contend with, as one would be regulated accordingly. Also, he suggested that regulators required lenders that had a vast amount of reassurance and cover in the aftermath of a bank failure, which he was not sure if the pension fund could provide. Meanwhile, Taylor added that the fund would manage any tremors and opportunities that would arise in the wake of Silicon Valley Bank’s collapse. The Ontario Teachers’ Pension Plan is targeting $300bn in net assets by 2030.

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By hassani

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