The Ontario Teachers' Pension Plan says it open up an office in Hong Kong within months, as it pushes to increase their exposure to emerging markets from 15% to 20%
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Moving physical assets into pension plans allows companies to avoid having to come up with the cash they would otherwise need to keep their plans flush.
A coalition of unions and employers is proposing changes to the federal law that governs the pension plans of about 10 million people, including reducing benefits paid to retirees.
Many companies offer their employees benefits that include a retirement plan. For that pension plan to be fully funded it has to have sufficient assets to provide for all the benefits owed to employees. That means that the plan has to be able to...
SeaCube Container Leasing Ltd. jumped 13.3% to $23 a share in premarket trades on Tuesday. Late Friday, Ontario Teachers' Pension Plan said it would pay $23 a share in cash to buy Park Ridge, N.J.-based SeaCube, one of the world's largest...