Vestcor Inc. achieved an overall investment portfolio return of 12.2 per cent as at Dec. 31, 2024, surpassing its benchmark by 0.1 per cent.
In a report, the New Brunswick-based investment manager said its total assets grew by $2 billion to $23.1 billion in 2024.
Read: Vestcor returns 7.5% for 2023, amid rising inflation, high interest rates
Vestcor provides administration services to 11 public sector pension plans and five employee benefit plans representing roughly 114,000 plan members.
In a press release, Sean Hewitt, president and chief executive officer at Vestcor, credited active management at the investment organization for delivering these investment results. “Our approach of focusing on strong risk-adjusted returns has helped shield client portfolios from potential losses during turbulent times.”
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