Ontario Pension Board earned 6.14% return in 2015

The Ontario Pension Board, the administrator of Ontario’s public service pension plan, ended 2015 with an annual investment return of 6.14 per cent. Net investment income during the year amounted to $1.22 billion and net assets grew to $23 billion at year end.

Read: PSPP, CAAT plan members exempt from ORPP

The pension board continued to shift assets from public to private markets in 2015, increasing its gross exposure by approximately $1.9 billion. The shift included increasing both its infrastructure and private equity portfolios by 50 per cent and real estate portfolio by 30 per cent. Key additions included a 30-per-cent co-ownership interest in Toronto’s TD Centre, more Manhattan real estate and core infrastructure investments in Britain, Spain, and Australia.

Read: Pension plans still grappling with ESG definition despite new rules

Public market investments, which include public market equity, fixed income and cash, returned five per cent for the year, while overall private markets investments consisting of real estate, private equity and infrastructure returned 11.1 per cent.

This story originally appeared on Benefits Canada‘s companion site,  Advisor.ca.