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Investors - APRIL 5, 2021

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Healthcare of Ontario Pension Plan ends 2020 with positive returns

by Kali Persall

The Healthcare of Ontario Pension Plan (HOOPP), a private independent trust based in Toronto, has recorded an 11.42 percent rate of return in 2020, closing the year at C$104 billion ($83 billion) in net assets.

This was up from C$94.1 billion ($75 billion) at the end of 2019.

“HOOPP is very pleased to have delivered strong results for our members in the Ontario healthcare sector, and to have done so during what remains an extremely challenging time for them,” said Jeff Wendling, president and CEO of HOOPP. “It is a privilege to be the pension plan for healthcare heroes, and our top priority is to ensure their pension remains safe and secure.”

HOOPP said its real estate portfolio performed well compared to its benchmark throughout 2020. The fund’s liquidity management capabilities helped HOOPP act on significant buying opportunities to further strengthen the fund.

“Being able to achieve these results in such a tumultuous year highlights the res

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