HOOPP posts good returns

Investment income for the year was $6.6 billion compared to $3.1 billion in 2015.

At the end of 2016, HOOPP had $5.3 billion invested, with a further $4.7 billion committed to private investments. The invested portfolio generated a currency-hedged return of 15.0% for the year, exceeding its benchmark by $445 million. The portfolio has increased by over $3 billion in the past few years and now includes credit and structured investments with lower risk/return attributes.

The CAD 70 billion Canadian pension plan has a 12.5 percent target allocation to real estate that currently stands at 6.2 percent.

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