If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]
The Ontario Municipal Employees Retirement System posted an 11.9 per cent return for 2019. The net return added $11.5 billion in value to the pension fund, pushing its funded status on a smoothed basis to 97 per cent. The double-digit returns neatly beat the OMERS overall benchmark of 7.5 per cent. “The story in 2019 is that there was […]
The Ontario Municipal Employees Retirement System has appointed Michael Graham as its new global head of private equity. Graham will replace Mark Redman, who has decided to leave the pension fund, effective March 31, 2020. Since Redman joined the OMERS in 2009 to establish its European private equity business, private equity has grown as a component of the pension […]
The City of Toronto has completed the transfer of its Metropolitan Toronto Pension Plan to the Ontario Municipal Employees Retirement System. The Metro plan was the last of the City’s four defined benefit plans to move to OMERS, following the Corporation of the City of York Employee Pension Plan, the Metropolitan Toronto Police Benefit Fund […]
Oxford Properties Group, the real estate investment arm of the Ontario Municipal Employees Retirement System, and the Alberta Investment Management Corp. are planning to develop the area around a Mississauga, Ont. shopping centre into a mixed-use neighbourhood. The development is set to transform the 130-acre area around the Square One Shopping Centre into 18,000 residential […]
The Ontario Municipal Employees Retirement System is naming Annesley Wallace as its new chief pension officer. Wallace has been with the OMERS pension services team for about two years, before which she was a managing director at OMERS Infrastructure. She also currently sits on the boards of Infrastructure Ontario, Bruce Power and Alectra Utilities. Read: OMERS […]
The Ontario Municipal Employees Retirement System is appointing Blake Hutcheson as its new chief executive officer, effective June 1, 2020. Hutcheson, who is currently OMERS’ president and chief pension officer, will succeed current CEO Michael Latimer, who is retiring after two decades at the pension fund and six years at its helm. Read: Michael Sabia to step down as […]
OMERS Ventures, the venture capital investing arm of the Ontario Municipal Employees Retirement System, has hired former Uber Technologies Inc. executive Jambu Palaniappan to join its London office as a managing partner. Palaniappan joined Uber in 2012 and led its expansion into the Europe, Middle East and Africa regions before being named the general manager […]
A joint-venture formed in 2019 by the Ontario Municipal Employees Retirement System, along with Altice, Allianz Capital Partners and AXA Investment Managers’ real assets division, is gearing up to purchase wholesale fibre operator, Covage. The venture, SFR FttH, has made an exclusivity agreement regarding Covage for a total cash consideration of €1 billion, with the […]
Twelve of the 25 top global asset owners were pension funds as of year-end 2018, according a new report by Willis Towers Watson’s Thinking Ahead Institute. The report found, among the top 100 asset owners, pension funds held 59.1 per cent of the fund assets, down 1.7 per cent from 2017, primarily due to assets […]