Jim Keohane is retiring from his role as president and chief executive officer of the Healthcare of Ontario Pension Plan in March 2020. “Jim is well-respected around the world for his pension advocacy, investment strategy and leadership,” said Adrian Foster, chair of the HOOPP board of trustees, in a press release. “Under his leadership, he and […]
While 2018 was challenging for investors, the year ended on a positive note for the Healthcare of Ontario Pension Plan, with its assets growing to $79 billion in 2018, representing investment return of 2.17 per cent, compared to 10.88 per cent in 2017. “Despite market challenges, the investment team was successful in positioning the fund […]
The Healthcare of Ontario Pension Plan grew its assets to $79 billion in 2018, up from $77.8 billion at the end of 2017. However, the plan’s funded status fell slightly to 121 per cent, down from 122 per cent the previous year. It eked out a positive 2.17 per cent return in 2018, beating its benchmark, which returned […]
Using a Canada-model pension plan, employees would see $5.32 in retirement income for every dollar they contribute compared to the typical $1.70 resulting from an individual approach, according to a new report by the Healthcare of Ontario Pension Plan. The report, The Value of a Good Pension, divides Canadian retirement options into five distinct types: an individual […]
Just one Canadian pension fund ranked in the top 20 global funds based on their responses to the recommendations of the task force on climate-related financial disclosures, according to new research by the Asset Owners’ Disclosure Project. The Ontario Teachers’ Pension Plan, which was awarded a BBB rating, placed No. 16 out of the top 100 […]
The Ontario Municipal Employees Retirement System is set to become the lead investor in Tennessee-based Premise Health Holding Corp. The company, which provides on-site, community and virtual health-care services for employers, aims to help mitigate the rising costs of health care to organizations. “Over the last four years, we have significantly expanded and evolved our model to […]
Facing a $10.3-million pension deficit in 2016, the Youth Services Bureau of Ottawa had some tough decisions to make. It felt that closing its defined benefit plan, converting to a defined contribution arrangement or cutting benefits were all out of the question. But with the Ontario government having enacted regulations in 2015 to permit the […]
In the wake of the tragic shooting at a high school in Parkland, Fla., earlier this year that left 17 dead and sparked a renewed and vigorous debate about gun control, certain members of the investment world took swift action. BlackRock Inc., the world’s largest institutional investor with US$6.3 trillion under management as of the […]
The plan posted a return of 10.88% and maintained funded status.
The Healthcare of Ontario Pension Plan posted a 10.88 per cent return for 2017, up very slightly on its 10.4 per cent return in 2016 and exceeding its portfolio benchmark by 2.99 per cent or $2 billion. According to the pension fund’s annual results, it also maintained its funded status at 122 per cent, its investment […]