CoreWeave Bet Powers 7.4% Gain at $66 Billion Ontario Pension Fund

Investment Management Corp. of Ontario earned 7.4% last year thanks to strong equity gains and a roughly C$1 billion ($723 million) return from trimming its position in artificial intelligence cloud provider CoreWeave Inc.

The pension manager fell short of its consolidated benchmark, which gained 8.8%, its annual report stated. Stock holdings earned 19.1% in 2025, while private equity rose 6.5%, according to a statement Thursday. Its real estate portfolio lost 0.5%.