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Ontario Teachers' Pension Plan closes Hong Kong office, moves staff to Singapore amid Asia strategy shift.
The Ontario Teachers' Pension Plan (OTPP) is closing its Hong Kong office and transferring some employees to its Singapore office.
This move aims to streamline operations in Asia, though it does not signal a reduction in the pension fund's investment in the region.
The $256 billion fund will continue its focus on private equity and venture capital investments, with offices in Singapore and Mumbai remaining open.
The Hong Kong office closure is part of a broader strategy to adjust to geopolitical changes.
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El Plan de Pensiones para Maestros de Ontario cierra la oficina de Hong Kong y traslada al personal a Singapur en medio del cambio de estrategia en Asia.