Canadian Investment Review

HOOPP’s double digit returns

Written by Caroline Cakebread on Wednesday, March 20th, 2013 at 4:50 pm

coin stackThe Healthcare of Ontario Pension Plan today announced a 17.2% return for 2012 — a double-digit figure which has boosted its funded status to 104%. As pension funds around the world struggle with funding challenges and volatile markets, the Canadian pension plan increased its 10-year average rate of return to more than 10 per cent, one of the best long-term records among pension plans worldwide.

“HOOPP had a very strong year in 2012 – with our best investment results in more than a decade,” says HOOPP President & CEO Jim Keohane. “This was a year when all of our investment strategies worked. We were firing on all cylinders, with positive returns from every type of investment,” he said. Keohane credits HOOPP’s liability driven investment strategy for the stellar results.

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