CAAT generates net return of 15.2%, remains 124% funded
CAAT’s pension plan remains 124% funded, with C$6.1B in funding reserves.
CAAT’s pension plan remains 124% funded, with C$6.1B in funding reserves.
U.S. equities generated the highest return, increasing 2.80% in the fourth quarter and 23.38% for the full calendar year.
Jeff Wendling, the HOOPP’s CEO who is set to retire at the end of March, said the return was supported by solid performances in both public and private equity markets, including results from the plan’s infrastructure investments, alongside absolute return strategies.
The
system saw the largest annual gain in its history during the 2021 fiscal year.