The Healthcare Employees’ Benefit Plan is reporting a 16.1 per cent investment return during 2024, an increase from a 10.8 per cent return in 2023 and the second highest return in the plan’s history.

The investment organization beat its benchmark return of 14.5 per cent and achieved five- and 10-year returns of eight per cent and 7.4 per cent, respectively.

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Public equities contributed to the return, led by the U.S. (29.1 per cent) and followed by the Canadian (21.8 per cent), international (17.4 per cent) and global (28.2 per cent) markets. Public equity exposure stood largely unchanged from 2023 at 57 per cent at the end of 2024, the report said.

It also saw positive returns from private debt (31.4 per cent), private equity (20.3 per cent), infrastructure (16.8 per cent), fixed income (6.6 per cent) and real estate (0.4 per cent).

In a press release, Kerry Poole, chief executive officer at HEB Manitoba, said the plan remains well positioned to meet its obligations to retirees into the future. “Our membership is well served by [investments team] success.”

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