Ontario Pension Board, which manages the assets of the Public Service Pension Plan, Toronto, returned a net 8.1% in 2016, 1.5 percentage points above its benchmark.
The plan’s assets totaled C$24.4 billion ($18.1 billion) as of Dec. 31, up 6.1% from the end of 2015, OPB said in a statement on its website.
OPB returned 6.14% in 2015.
The plan’s public market investments, which include equity, fixed income and cash, returned 7% for the year, while its private markets investments — real estate, private equity and infrastructure — returned 11.1%.
The board did not release specifics of OPB’s 2016 asset mix, nor its benchmark returns. Its asset allocation as of Dec. 31, 2015, was 26.7% fixed income, 20.5% international equity, 18.5% real estate, 15% emerging markets equity, 9.8% Canadian equity, 5% infrastructure, 2.4% private equity, 1.8% long bonds and the remainder in real-return bonds.
According to the statement, OPB moved C$831.6 million in assets to private markets from public markets in 2016.
Further details on its investments and information on its funded status will be in the plan’s annual report, which will be released when it’s presented to the Ontario Legislature, expected later this spring.
