Healthcare of Ontario Pension Plan, Toronto, returned 17.1% on its investments in 2012, increasing total assets to a record C$47.4 billion (US$46.2 billion) in assets, confirmed Jim Keohane, president and CEO.
“It was one of those years where every single strategy in every asset class produced a positive return,” Mr. Keohane said in a telephone interview. The 17.1% return was the highest one-year return in more than 10 years and topped the benchmark return of 14.3%, he added.
The pension plan ended the year 104% funded, up one percentage point from the end of 2011. It has a 10-year annualized return of about 10.3%, making it one of the highest-returning pension funds in the world, Mr. Keohane said.
HOOPP does not provide specific asset class returns, in part because of the way the portfolio is structured with derivative overlays. However, Mr. Keohane said international equity returned about 25%; real estate, 18%; and U.S. equity, 16%.