OPB earns 6.14 pct return in 2015, increases assets to $23 bln

Ontario Pension Board (OPB), which manages Ontario's Public Service Pension Plan, generated an investment return of 6.14 percent at the end of 2015. The Toronto-based pension fund manager's private-market investments, consisting of real estate, private equity and infrastructure, returned 11.1 percent. As a result of overall performance, OPB's net assets rose to $23 billion at year's end. OPB said it continued to shift assets from public to private markets in 2015, a strategy that included increasing both infrastructure and private equity portfolios by 50 per cent.

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