2023 At a Glance:
The investment environment in 2023 was characterized by higher interest rates globally as central banks around the world aimed to reduce inflation figures that reached multi-decade highs. Market concerns around recessionary fears did not materialize as public markets took a risk-on sentiment and bounced back strongly after the significant declines in 2022.
Within that backdrop, the HRM Pension Plan experienced strong absolute returns of 9.0% net of all expenses for the year.
For more information on our Plan’s assets and investment performance, download our most recent annual report.
Growth in Net Assets:
