AIMCo generates net return of 12.3% in 2024, falling short of benchmark
The return came in slightly below the total fund benchmark return of 13.8%.
The return came in slightly below the total fund benchmark return of 13.8%.
The
plan is focused on middle market companies in North America and Europe
The
pension plan also made new allocations to its private equity portfolio
The fund missed its 2024 total
benchmark return of 12.9%.
The fund’s risk management portfolio produced the strongest returns of 33.9%, largely driven by its exposure to gold.
The fund’s AUM has almost tripled under CIO
Henrik Olejasz Larsen since 2007.
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 has initiated adding energy exposure
At
the recent meeting, the pension plan unveiled its pacing for its private market
allocations
The
$18.78bn pension plan has made a new allocation of $80m to a fund endorsed by
CalPERS and Virginia-based pension plan