UPDATE 1-Ontario Teachers' Pension Plan scouting for energy assets

March 31, 2015 7:07 PM

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TORONTO, March 31 (Reuters) - The Ontario Teachers' Pension Plan, one of Canada's biggest investors, said on Tuesday it is actively scouting for energy assets as it looks to trim positions in oil and gas derivatives and invest instead directly in producing assets.

"We do have our natural resource group out there looking for real assets," said Neil Petroff OTPP's chief investment officer, in a media briefing after the fund manager posted a 11.8 percent rate of return on its investments in 2014, taking net assets to a record C$154.5 billion ($121.5 billion).

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