The Ontario Teachers' Pension Plan, Toronto, returned 17.2% for 2005, beating the 12.7% return of its composite benchmark, according to a statement from the fund. It had C$96.1 billion (US$82.5 billion) in assets as of Dec. 31, and a preliminary actuarial valuation showed the plan's funding status at 77%, down from 84% in 2004. The plan made C$1.6 billion in contributions in 2005.
Public and private equities returned a collective 17.9% for the year, compared with 14.7% for the benchmark; fixed income (including absolute return and hedge fund strategies) returned 15.3%, compared with the benchmark return of 11.8%; and real estate returned 21.3%, compared with 6.2% for the benchmark.
Over the 16 years since inception, the teachers' plan has returned an annualized 11.7% per year.