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 fund missed its 2024 total
benchmark return of 12.9%.
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.
“Despite a challenging economic environment, this impressive return aids in enhancing benefit security for our 10,000+ members and beneficiaries,” said Christopher Brown, the plan’s CEO.