Healthcare of Ontario Pension Plan achieves 11.3% return
Investors - MARCH 30, 2022

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Healthcare of Ontario Pension Plan achieves 11.3% return

by Kali Persall

The Healthcare of Ontario Pension Plan (HOOPP), which serves Ontario’s hospital and community-based healthcare sector, achieved an 11.28 percent return in 2021, bringing its net assets to C$114.4 billion ($91.5 billion).

According to the most recent report (2020) from consultant CEM Benchmarking, based on a global dataset of 218 pension funds, HOOPP’s 10-year net returns were in the top 10 percent and its 10-year net value-added was the second highest. HOOPP’s value-add return for 2021 was 2.69 percent, among the highest in the plan’s history.

“HOOPP’s in-house investment team successfully navigated another year of challenges in the economy related to the ongoing effects of the pandemic,” said Jeff Wendling, president and CEO of HOOPP. “The result is a strong return and funded status that help make the plan secure for the long-term benefit of the healthcare workers of Ontario.”

HOOPP said it delivered strong returns across many of its asset cla

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