The Healthcare of Ontario Pension Plan , one of Canada’s largest pension funds, told Reuters it plans to open an office in London and expand its investment footprint in Britain.
A HOOPP spokesperson said the pension fund was planning to open a London office and added that it would share more information in due course. The $104-billion pension fund has briefed local officials – including the City of London Corporation that runs the British capital’s historic financial district – about the plans, a source with knowledge of the matter told Reuters.
London-based job recruiters see a growing trend of overseas pension funds setting up shop in Britain to grab talent and gain better access to local investments.
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Canadian pension fund HOOPP to open London officeThe Healthcare of Ontario Pension Plan (HOOPP), one of Canada's largest pension funds, told Reuters it plans to open an office in London and expand its investment footprint in Britain. A HOOPP spokesperson said the pension fund was planning to open a London office and added that it would share more information in due course. 'We see value in London as a hub to effectively support and manage HOOPP's growing assets, as part of our continued effort to deliver value for our members,' the spokesperson said.
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