Ontario Pension Board

Ontario Pension Board (OPB) is the administrator of the Public Service Pension Plan, a major defined benefit pension plan, sponsored by the Government of Ontario. Assets are managed by Investment Management Corporation of Ontario (IMCO).

Country

Canada

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$23

Performance (%, 1YR)

3.1

Chief Executive

Darwin Bozek

Chief Investment Officer

Chris Kautzky

Chair

Geri Markvoort

Asset allocation

0.2% Money Market

13.3% LT Government Bonds

10.6% Inflation-linked Bonds

11.7% Global Credit

2.5% Canadian Equities

11.6% Global Equities

6% Emerging Markets Equities

15.8% Real Estate

13.5% Infrastructure

15.9% Private Equity

6.8% Public Market Alternatives

-7.9% Portfolio Leverage

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of December 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

IMCO plots private, inhouse future

The C$60 billion ($48 billion) Investment Management Corporation of Ontario, the latest kid on the block in Canada’s pension scene, is planning its asset allocation 2.0, which will involve more private and direct investments, more internalisation and lower costs. Amanda White spoke to chief executive Bert Clark and chief investment officer Jean Michel.