In the two days after the U.S. announced new tariffs, the plans lost almost their entire C$18.4 billion surplus.
HOOPP ended 2024 with a funded ratio of 111%, its 15th straight year with more assets than liabilities.
The asset classes can provide significant diversification and are uncorrelated with other fixed-income investments.
Private infrastructure is attracting more attention from pensions, sovereign wealth funds and endowments, per a Nuveen survey.
Jonathan Grabel, CIO of the Los Angeles County Employees Retirement Association, spoke with CIO as a part of the 2025 CIO interview webinar series about asset allocation, how a plan can construct a portfolio against the changing dynamic of interest rates, and more.
The pension fund raised its asset value by $3.5 billion to $38.7 billion despite ending the year with a Q4 loss.
However, the largest pension fund in the U.S. says the pro-investment approach is more effective than divestment.
