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    Ontario Teachers' Leech Focuses on Long-Term Investments: Video

    Thu, 02/18/2010 - 13:28 EDT - Bloomberg - Video News
    • http://gdata.youtube.com/schemas/2007#video


    Ontario Teachers' Leech Focuses on Long-Term Investments: Video

    Feb. 18 (Bloomberg) -- James Leech, chief executive officer for Ontario Teachers' Pension Plan, talks with Bloomberg's Erik Schatzker about the fund's investment model. Leech also discusses the state of the financial markets and the risk of inflation. (Source:Bloomberg)
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      TORONTO — Jim Leech, the chief executive of the Ontario Teachers’ Pension Plan, is stepping down at the end of the year. Mr. Leech said Tuesday morning that he has informed the board of Canada’s largest single-profession pension plan about his planned retirement on Dec. 31, and a search is being conducted for his replacement. “They’ve been running a very intensive process, looking externally and internally,” said Mr. Leech, who became CEO in December of 2007 and turns 66 in June.

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      The Ontario Teachers’ Pension Plan delivered a 13% rate of return for the year ended December 31, but the multi-billion plan continues to face pressure from sustained low interest rates and challenging demographics. The results last year drove net assets up to $129.5-billion from $117.1-billion at the end of 2011. “Returns earned above our benchmark directly support the goal of pension security and demonstrate the value of our approach to active investing,” said Jim Leech, chief executive of Teachers.

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