Ontario Public Service Employees Union Pension Trust, Toronto, returned 10.1% in 2012, according to a news release from the pension fund.
Plan assets increased to C$14.7 billion (US$14.6 billion) from C$13.7 billion at the end of 2011 after paying out $745 million in pension benefits.
Alternatives were the top performers for the plan. Infrastructure led the way with a return of 23.7%, followed by private equity, 20.5%, and real estate, 17.9%. Global equity returned 17.8%, followed by Canadian equity, 9.1%; fixed income, 3.4%; real return, 3%; and commodities, -3.8%.
The plan ended the year fully funded with a C$34 million surplus. It has an annualized return of 8.6% since inception in 1995.