Weekly Digest: Canada pension funds questioned on China investments
Representatives from some of Canada's largest pension funds appear in front of a parliamentary committee to talk about their China investments; Cbus completes its latest merger; GIC is frontrunner to buy stake in German industrial gas maker; and more.
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British Columbia Investments (BCI) and the Ontario Teachers’ Pension Plan, two of Canada’s largest public pension funds, testified that they have paused direct mainland investments as tensions rise between Beijing and Ottawa at a Canadian parliamentary committee on Canada–China relations on May 8.
Stephen McLennan, executive managing director of total fund management for Ontario Teachers’ told the committee that the C$247-billion ($183-billion) pension fund…
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