(Adds comment from pension plan)
CHICAGO May 2 The Ontario Teachers' Pension
Plan Board, which manages investments for Canada's largest
single-profession pension plan, violated speculative position
limits in CME Group Inc's lean hog futures market, the exchange
operator said on Friday.
Chicago-based CME Group fined the board $15,000 and
ordered it to give up nearly $18,000 in profits for exceeding
position limits by more than 2 percent on two consecutive dates
in March 2013, according to a disciplinary notice.
Andrew Kondraski, senior manager of investment
communications for the Ontario Teachers' Pension Plan, said he
had no details about the circumstances of the violations.
"We've reviewed our processes to preclude any future
occurrences," he added.
The pension plan had assets worth nearly $141 billion as of
(Reporting by Tom Polansek; , editing by G Crosse and Peter