The Healthcare of Ontario Pension Plan (HOOPP) continues to be fully funded and is reporting returns of 13.68% and net assets of $35.7 billion in its 2010 Annual Report, released today.

“Equities and long-term bonds were our strongest performers in 2010,” says John Crocker, HOOPP president and CEO. HOOPP reported returns of 17.38% in Canadian equities and 16.78% in U.S. equities. Canadian long bonds were up by 17.35%, real return bonds were up 11.41%, universe bonds were up 9.54% and corporate credit was up 1.71%. HOOPP’s real estate portfolio posted returns of 12.29%, while private equity returned 9.7% (approximately 16% before foreign exchange impacts).

“HOOPP continues to be fully funded, providing security and peace of mind for HOOPP members and pensioners,” says Crocker. He says the funded status will allow member and employer contribution rates to remain the same at least through 2012. Rates have not changed since 2004.
HOOPP celebrated its 50th anniversary in 2011, and was also named one of Canada’s Top 10 Most Admired Corporate Cultures. “These excellent results, and the fact that we’re fully funded, put an exclamation mark on a tremendous year and speak to the dedication and professionalism of the HOOPP team,” says Crocker

View HOOPP’s annual report

Copyright © 2018 Transcontinental Media G.P. Originally published on benefitscanada.com

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