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Institutional Investor institutionalinvestor.com 15 Sep, 2021 20:00 am

HOOPP Appoints Michael Wissell as New CIO

HOOPP Appoints Michael Wissell as New CIO
The Healthcare of Ontario Pension Plan said Wissell will take over investment responsibilities from president and CEO Jeff Wendling.

The Healthcare of Ontario Pension Plan has appointed Michael Wissell as its new chief investment officer, the Canadian pension giant announced Wednesday.Prior to joining HOOPP, he spent 16 years at the Ontario Teachers’ Pension Plan, where he was in charge of the public equities team and the portfolio construction group.Institutional Investor previously reported that HOOPP wound down its ten-year-old long-term options strategy in 2020 after the strategy recorded a C$629 loss in 2019.“His deep knowledge and understanding of the HOOPP fund, our investment strategies and the investment teams, combined with his more than 30 years of investment experience, make him the right choice for the role.

Founded in 1960, HOOPP serves Ontario’s healthcare sector with more than 610 participating employers.Wissell will assume investment responsibilities for the C$104 billion (US$82 billion) fund from president and CEO Jeff Wendling, who has been serving in both roles since becoming CEO in March 2020.

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