Vestcor Earns 12.2% Total Return Net of Fees in 2024, Outperforming Benchmark | April 15, 2025

Fredericton, NB — Vestcor Inc. (Vestcor), Atlantic Canada’s largest investment management firm, is proud to announce a year of strong positive returns for its clients. Vestcor achieved overall investment portfolio returns of 12.2% net of fees, outperforming its benchmark by 0.1%. Through a strong investment performance, Vestcor’s assets have grown by over $2 billion in 2024, to a total of $23.1 billion. As a full-service investment manager and pension administration organization, Vestcor is committed to meeting the long-term investment objectives of all its clients.

Vestcor’s clients require a disciplined, low-risk approach with strong internal active management. Vestcor has successfully exceeded long-term investment policy benchmarks while safeguarding client portfolios, adding $781 million, after investment management fees, relative to benchmark performance for the four-year period ending December 31, 2024. Vestcor’s dynamic investment strategy continued to be a key differentiator. Within our Pension and Benefits Administration Teams, Vestcor met client performance targets, all while managing the high volumes of applications and increased plan membership.

“We are proud of the results we’ve delivered for our clients,” said Sean Hewitt, President and CEO of Vestcor. “Our approach of focussing on strong risk-adjusted returns has helped shield client portfolios from potential losses during turbulent times. Furthermore, our active management, driven by the thoughtful execution of our internally managed active investment strategies, has allowed our clients to earn net investment returns that exceeded benchmarks in 2024 and over the long-term. This accomplishment is a reflection of our team’s expertise and commitment to our clients’ financial success – and most importantly, the financial well-being of the 114,000 pension plan members we serve on behalf of our clients.”

Vestcor’s commitment to providing our clients with customized investment solutions has been central to this success, as the team specializes in adapting strategies to meet the unique goals and inherently low-risk tolerances of each client, especially its target benefit and shared risk plan clients. Through ongoing market analysis, rigorous risk management, and forward-thinking investment choices, the firm has reinforced its reputation as a trusted partner in navigating today’s complex financial landscape.

As a result of these efforts, Vestcor is not only fulfilling its promises to clients, but is also positioning itself for continued success in the future, protecting the financial security of its clients and their members.

The organization also recently launched it’s third Responsible Investment Report, available at vestcor.org/responsibleinvestment.

Vestcor’s 2024 Annual Report will be published in June. Further information about Vestcor is available online at vestcor.org.

ABOUT VESTCOR INC.

A Partner in Creating and Delivering Sustainable Financial Security

Vestcor is an independent not-for-profit company located in Fredericton, New Brunswick. It provides global investment management services to public-sector client groups representing over $23 billion in assets under management as of December 31, 2024, and administration services to 11 public sector pension plans and five employee benefit plans.

Vestcor’s team of more than 160 service professionals provides innovative, integrated, and cost-effective investment management and pension and benefit administration services solutions to Atlantic Canadian clients. Vestcor currently services the requirements of approximately 114,000 pension plan members, 44,000 employee benefits members, and 150 participating employer groups. Further information about Vestcor is available at vestcor.org.

For more information, please contact:

Elizabeth-Anne McCleave
Director Communications
Vestcor Inc.
communications@vestcor.org
vestcor.org