OPTrust to divest from all tobacco-related equity, bond investments by January

2017-11-16T22:51:56-08:00November 14th, 2017|Categories: Pension Funding|Tags: , , |

OPTrust, which manages the assets of the C$19.5 billion ($15.2 billion) Ontario Public Service Employees Union Pension Plan, Toronto, will divest from all tobacco-related equity and fixed-income investments by Jan. 1, 2018. The divestment will affect C$23 million in equity and bond investments that derive most of their revenue from production or manufacture of tobacco products, said Hugh O’Reilly, president and CEO, in an interview Thursday. […]