Ontario Teachers' Pension Plan has acquired investment research company Glass, Lewis & Co., for $46 million, bringing ownership of the proxy advisory provider back to North America.

The pension plan bought the San Francisco-based company from Shanghai-based Xinhua Finance Ltd., which acquired Glass Lewis last December. Glass Lewis provides research to help institutional investors make investment and proxy-voting decisions by identifying business, legal, governance and financial statement risks. But some Glass Lewis staffers had concerns over Xinhua's corporate governance.

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