HOOPP's assets top $70 bln with 10.3 pct investment return

Healthcare of Ontario Pension Plan (HOOPP) reported a 10.35 percent return on its investments in 2016, exceeding its portfolio benchmark by 4.23 percent. As a result, net assets overseen by the Canadian pension fund increased to $70.4 billion at the end of last year, up from $63.9 billion in 2015. Private equity investments returned 15 percent on a currency-hedged basis, compared to 17.7 percent the year before. At present, private equity accounts for 7.5 percent of HOOPP's total assets.

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