The Colleges of Applied Arts and Technology pension plan is reporting a 15.2 per cent net return at the end of 2024.
The investment organization’s total assets under management increased to $23.3 billion in 2024, compared to $20.1 billion in 2023.
Read: CAAT returns 9.5% for 2023, led by global, emerging market equities
In a press release, Asif Haque, chief investment officer at the CAAT, said all asset classes in the plan’s portfolio contributed positively to the overall performance in 2024.
The 10-year annualized net rate of return for the CAAT grew to 9.6 per cent, beating its benchmark by 1.5 per cent. It counts with a funding reserve of $6.1 billion as at Jan. 1, 2025.
“While we are gratified by the strong results for the year, we are especially pleased that long-term investment performance has contributed to furthering the health of the Plan,” Haque said.
Read: How CAAT is supporting its ESG aspirations through responsible investments, team-building