The California State Teachers’ Retirement System (CalSTRS), which is the U.S.’s second-largest public pension plan, is looking to Canada’s own OMERS for advice, reports Bloomberg.
OMERS ended 2011 with an all-time high of $55.1 billion in net assets—an increase of almost $12 billion since the 2008 global credit crisis. The pension plan attributes its success to a diversified asset mix that helped protect it from market volatility.
OMERS Private Equity and a consortium equity group, including the Caisse de dépôt et placement du Québec, have sold their ownership of Cari-All Group Inc. to German manufacturer Wanzl Metallwarenfabrik GmbH. Cari-All is a leading manufacturer and distributor of shopping carts, shelving and backroom equipment. The sale price wasn’t disclosed, but Jim Orlando, managing director […]
Benefits Canada sat down with OMERS president and CEO, Michael Nobrega, for his views on pension investing and asset allocation.
In recent years, many pension plans have looked to private investments to mitigate some of the risk of public markets. For OMERS, this shift began in 2004. At the time, the fund—which has pension commitments to more than 400,000 members in Ontario—had an investment mix of 82% public market and 18% private investment holdings. But […]
Moves them to quantitative program, cuts staff.
Weighing the Pros and Cons.
Canadian banks are opposing a push by OMERS to manage PRPPs, reports Bloomberg News.
OMERS announced that its pensions will increase by 2.84% as of Jan. 1, 2012. This increase reflects the change in the cost of living as reported by the Canadian Consumer Price Index.
OMERS Ventures, the venture capital investment arm of the OMERS pension plan, has announced that Derek Smyth is joining its team as managing director.