HOOPP beats benchmark with overall 8.6% return in 2013
Healthcare of Ontario Pension Plan (HOOPP) showed a rate return on its investments of 8.6% in 2013, as well as a 10-year annualized return of 9.7%, according to its annual report. Both performance indicators exceeded benchmarks established by the Toronto-based pension plan. HOOPP's net investment income totaled just over $4 billion last year. This resulted in an expansion of its net assets under management to $51.6 billion. HOOPP's private equity investment arm, HOOPP Capital Partners (HCP), which make commitments to funds and invests directly in privately-held businesses, generated a currency-hedged return of 19.6% in 2013, also exceeding its benchmark. On an unhedged basis, the private equity portfolio returned 26.8%.
7 March 2014•1 min read
