OPTrust wins Investment Innovation AwardPosted: March 12, 2019
TORONTO, March 12, 2019 – OPTrust, one of Canada’s largest defined benefit pension plans, has been awarded the Innovation in Institutional Investment Award at the 2019 Volatility & Risk Premia Awards. These awards are presented annually by EQDerivatives, a Chicago-based media platform. Other nominees included the Abu Dhabi Investment Authority, Japan’s Government Pension Investment Fund, and Australia’s SAS Trustee Corporation (State Super).
“Pension plans deal in long-term horizons. That means we are not only working in today’s economy, but constantly adapting for the future as well,” said OPTrust CIO James Davis. “The innovation economy is here, and we are ready to meet the challenge for our members.”
OPTrust was recognized by the organizers as “holding the standard for modern institutional investors.” Examples cited include internally developed algorithms that inform shifting risk in the total fund portfolio, as well as the use of artificial intelligence as a tool to enhance asset allocation strategy.
“The world is changing at an increasingly rapid pace and embracing that change is fundamental to delivering on our pension promise to our members,” said Davis. “Protecting the long-term interests of our members is at the core of everything we do. That is why we innovate.”
The 2019 Volatility & Risk Premia Awards were presented on March 11, 2019 at the Yale Club in New York.
With net assets of over $20 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with over 92,000 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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