Hospitals of Ontario Pension Plan (HOOPP) Licences ALM Solution From ORTEC Finance



    ROTTERDAM, The Netherlands, April 8 /CNW/ - HOOPP, one of the largest
defined benefit pension plans in Canada, has signed an agreement with ORTEC
Finance to license and implement their Asset Liability solution for pension
plans (PALM). The ALM solution enables HOOPP to conduct risk/return analyses
for the entirety of the pension plan. These analyses will support decision
making concerning strategic investment policies and other policy instruments
taking the dynamics of the pension liabilities explicitly into account. The
selection of Ortec PALM was made after a thorough search and evaluation
process.
    "As a large-scale, multiple-employer plan paying out nearly $1 billion in
benefits each year, HOOPP's ability to pay pensions is the primary reference
point in assessing risk and return for any investment we make," said HOOPP
President and CEO John Crocker. "The ALM solution from ORTEC Finance brings
appropriately sophisticated ALM expertise to our liability-driven investment
strategies."
    "Obviously we are extremely delighted and proud to have a prestigious and
reputable institution as HOOPP listed amongst our clients," said Fred
Heemskerk, managing partner at ORTEC Finance bv. "This shows that our Asset
Liability Management software and expertise is able to meet the sophisticated
demands at HOOPP."

    About HOOPP

    HOOPP is the pension plan of choice for Ontario's healthcare sector with
333 participating employers and almost 250,000 plan members and retirees.
HOOPP pays nearly $1 billion per year in pension benefits, providing security
and peace of mind to thousands of retired healthcare workers. HOOPP, one of
the country's largest pension plans, has net assets of $27 billion diversified
worldwide in stocks, bonds, real estate, and private equity.
    HOOPP was created in 1960 and is now administered by a successful
partnership of employers and representative unions. It is governed by a Board
of Trustees with representation from the Ontario Hospital Association (OHA)
and four unions: the Ontario Nurses Association (ONA), the Canadian Union of
Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU)
and the Service Employees International Union (SEIU).

    About ORTEC Finance

    At ORTEC Finance we are specialized in measuring and managing the risk
and return equation and we are a leading provider of Asset Liability
Management solutions for Pension Providers. ORTEC Finance provides advisory
services and decision support systems, based on proven methodology yet adapted
to specific needs. Our global clients range from pension funds, insurers and
asset managers to municipalities, housing corporations and private wealth
managers. We strive to guide them through the strategic, tactical and
operational decision making with the highest level of objectivity,
transparency and integrity. A traditional collaboration with the academic
community guarantees that our methodology continues to be well-founded in the
latest scientific research. While extensive investments in understanding the
needs of our clients further ensure a smooth and practical application of our
advanced decision support technology. Our solutions are based on ORTEC Finance
proprietary methodology and, depending on the client needs, can be delivered
in a form of advice and/or software models or any combination of these.





For further information:

For further information: or to receive a copy of this publication,
please contact Fred Heemskerk, General Manager, Tel: +31-10-4-98-66-66,
E-mail: fred.heemskerk@ortec-finance.com

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