Canada’s OPTrust Fund Forced to Take Risks to Shore Up Returns
Frustrated by poor returns, OPTrust Chief Executive Officer Hugh O’Reilly is moving into riskier investments as contributors to the retirement pot age. “We can’t just match cash flows, we have to take risks,” O’Reilly, whose company oversees $19.2 billion of investments for Ontario government workers, said in an interview. “We don’t want to increase contributions or reduce future benefit accruals where the active members will bear the whole risk.” OPTrust is starting a C$300 million ($233 million) venture-capital portfolio and is...