Canadian pension giant earned three- and five-year annualized returns of 10.5%.
Investment portfolio gains 3.2% in Q2 to reach $31.9 billion in assets.
Alternatives, US stocks, and bonds help fund value achieve new ‘high water mark.’
Pension fund returns 5.8%, a whole point-plus more than the goal.
$216.2 billion retirement system also names Anastasia Titarchuk CIO.
Retirement system also met or surpassed yardstick for three, five, and 10 years.
Alts have a strong showing, but allocation mixes prove their fare is not enough for overweight equities.
Private equity again rises to the top, but it’s not enough to help the fund clear its benchmark.
Private equity is bright spot as market volatility impacts annual returns.
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Fund suffered 2.6% loss in 2018, with a plunge in stock holdings.
Unfunded liabilities nearly double in seven years to $21.2 billion.
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.