Hospitals of Ontario Pension Plan and its money manager, Hospitals of Ontario Pension Plan Investment Management Ltd., have merged, said John Crocker, CIO for the C$14.5 billion (U.S.$9.5 billion) Toronto-based plan. HOOPP Investment Management did not run any outside money, he said. With the pension fund now running money in-house, it will expand its money management and finance departments.
Mr. Crocker said he will hire at least four professionals, including portfolio managers and analysts with Canadian equity and venture capital experience.
