By Staff

The Colleges of Applied Arts and Technology Pension Plan reported a total net return of 15.2%, increasing its assets under management to C$23.3B, as of Dec. 31, 2024, up from C$20.1B the year prior.

While the pension plan fell short of its benchmark policy rate (18.0%) in the fourth quarter of 2024, it outperformed its10-year annualized net rate of return by 1.5% (9.6% vs 8.1%). Additionally, the plan remains 124% funded, with C$6.1B in funding reserves. 

All asset classes
contributed positively to returns during the year, led by public
and private equities. Notably, the plan’s public equities allocations generated the highest returns (28.9%), outperforming its benchmark by 0.7%. While commodities (16.9%), private equities (16.0%) and real assets (4.6%) also saw positive returns, they underperformed their benchmarks (19.2%, 31.1% and 5.9%, respectively). 

The pension plan’s credit investments (11.3%), nominal bonds (4.2%) and inflation-linked bonds (4.0%) all saw increases that outperformed their benchmarks (10.1%, 4.0% and 3.9%, respectively). 

“All asset classes in the Plan’s portfolio contributed positively to performance during 2024”, said Asif Haque, CAAT Pension Plan’s chief investment officer, in a press release. “While we are gratified by the strong results for the year, we are especially pleased that long-term investment performance has contributed to furthering the health of the Plan.”