OMERS Reports First Annual Loss Since Financial Crisis



Canada’s Ontario Municipal Employees Retirement System (OMERS) reported a 2.7% loss last year, well off its benchmark’s return of 6.9%. It’s the first time the pension fund has seen a loss since the financial crisis of 2008.

As a result, the fund’s total net assets declined to C$105 billion ($82.4 billion) from C$109 billion. The fund also reported three-, five-, 10-, and 20-year annualized returns of 3.7%, 6.5%, 6.7%, and 6.0%, respectively.

Author(s): Michael Katz

Publication Date: 1 March 2021

Publication Site: ai-CIO

Ontario Pension Has Worst Loss Since 2008 on Bad Covid Bets



Ontario Municipal Employees Retirement System, one of Canada’s largest pension funds, posted its worst result since the global financial crisis after suffering big losses in its private equity and real estate holdings.

The pension fund, known as Omers, lost 2.7% on its investments last year, pushing assets to C$105 billion ($84 billion). It’s the worst result since 2008, when it lost 15.3%.


The pension fund fell far short of its 6.9% return benchmark, and also trailed the average 10% increase of Canadian pension plans, as estimated by Bank of New York Mellon Corp.

Author(s): Paula Sambo

Publication Date: 25 February 2021

Publication Site: Bloomberg