CANADA - The Healthcare of Ontario Pension Plan (HOOPP) returned 13.68% in 2010, ending the year with C$35.7bn ($37.3bn) in net assets.
The fully-funded scheme said equities and long-term bonds were the strongest performers in 2010, providing returns of 17.38% from Canadian equities and 16.78% in US equities. Canadian long bonds were up by 17.35%, real return bonds were up 11.41%, universe bonds were up 9.54% and corporate credit was up 1.71%.
HOOPP's real estate portfolio returned 12.29%, while private equity posted a 9.7% return rate (16% before foreign exchange impacts).
"HOOPP continues to be fully funded, providing security and peace of mind for members and pensioners," said president & chief executive officer John Crocker. "Thanks to that healthy funded status, contribution rates for members and employers have not changed since 2004, and will remain the same until at least the end of 2012.
"2010 was a special year for HOOPP. We celebrated our 50th anniversary, and rebranded ourselves as the Healthcare of Ontario Pension Plan [previously Hospitals of Ontario Pension Plan], a name which is more inclusive of our membership. We were also named one of Canada's Top 10 Most Admired Corporate Cultures.
"These excellent results, and the fact that we're fully funded, put an exclamation mark on a tremendous year - and speak to the dedication and professionalism of the HOOPP team."
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