The Ontario Teachers’ Pension Plan’s assets under management grew $3.3 billion in the first six months of the year to $269.6 billion. Its return on investment for the period lagged the 7.1 per cent 12-month returns, while pension payments to retirees surpassed the amount of money it brought in from working members. (The Logic)

Talking point: Teachers’ returns were largely driven by public assets, and gold in particular. Private assets, meanwhile—to which the firm is heavily exposed—struggled. CEO Jo Taylor said political and trade uncertainty were in part to blame. Taylor told Bloomberg the fund plans to invest more domestically, while the appetite to “buy Canada” is high, including in assets like data centres, precious minerals, power and natural resources.