The Globe and Mail·3 min read·medium
Teachers’ pension plan earns 9.5% in first half with boost from SpaceX shares
J
James Bradshaw
✦AI Summary
The Ontario Teachers’ Pension Plan reported a 9.5% return in the first half of the year, largely driven by a successful early investment in SpaceX. The fund is now considering rebalancing its portfolio to reduce overexposure to Elon Musk’s companies.
Ontario Teachers’ Pension Plan reported a 9.5-per-cent return in the first half, boosted by a stake in Elon Musk’s SpaceX SPCX-Q that soared in value to US$8.7-billion at the end of June after the company went public.
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