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Eike Batista
Eike Batista
(Dado Galdieri/Bloomberg)

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Ontario Teachers trims ties to Eike Batista

The Ontario Teachers’ Pension Plan has been reducing its investments in companies run by Brazilian billionaire Eike Batista, joining the legions of investors paring back ties to his struggling financial empire.

Teachers’ chief investment officer Neil Petroff said Tuesday his fund has reduced its stake in the Brazilian’s operating companies to total exposure today of $355-million.