Ontario Teachers' Unloads 20% Glass Lewis Stake To AIMCo

Law360, New York (August 28, 2013, 4:03 PM EDT) -- Ontario Teachers' Pension Plan has sold 20 percent of its ownership stake in Glass Lewis & Co. to state-owned Alberta Investment Management Corp., shaving down its interest six years after it purchased the proxy adviser, the pension fund said Wednesday.

The parties did not name a purchase price or give a financing breakdown for the transaction, though AIMCo has previously suggested it would beef up its private equity buys. Teachers', one of the world's largest pension administrators, bought San Francisco-based Glass Lewis from Shanghai's Xinhua Finance...
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