The Ontario Teachers' Pension Plan Board is looking to hire an equity derivatives trader early next year to replace a co-manager who left two months ago. The new trader will replace Puneet Kohli, who was a co-manager with Kevin Duggan, according to Duggan, portfolio manager for Canadian equity derivatives in North York, Ontario.
The three-member equity derivatives group at OTPP manages equity derivatives for Ontario Teachers' CAD15 billion (USD9.4 billion) cash equity portfolio and also manages four separate internal portfolios. The pension fund started to ramp up its use of derivatives last year (DW, 9/2). Kohli has joined BMO Nesbitt Burns.
