HOOPP returns 15% in 2009

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CANADA - The C$32.6bn (US$32.5bn) Healthcare of Ontario Pension Plan (HOOPP) posted a 15.2% profit for 2009 on the back of gains in North American equities, according to its 2009 annual report.

This result offsets the losses of 12% the fund incurred the previous year and brings its funding level to 102% from 98% at the end of 2008. HOOPP president and chief executive John Crocker said:...

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