Private Equity @ Gowlings: June 19, 2012

Edited by Alan James and Rob Blackstein

Contents

• Consolidation of Ontario Public Sector Pension Plan Investment Management Function
• Conflicts of Interest in Complex Investment Structures - The Evolution of The Business Judgment Rule

Consolidation of Ontario Public Sector Pension Plan Investment Management Function
By: Daniel Hayhurst

In its 2012 Budget, the Ontario government announced its intention to introduce a legislative framework in the Fall of 2012 to improve efficiencies in the investment management of Ontario's defined benefit public sector pension plans (DB Plans) by the pooling of pension fund assets.  The Budget papers indicate that the government is focussing its attention on the "small" Ontario DB Plans, noting that approximately 50 such plans each have assets of less than $1 billion.