OMERS Pension Fund Posts 0.4% Loss In Year’s First Half

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Canadian pension giant, the Ontario Municipal Employees Retirement System (OMERS),
posted a 0.4% loss for the first half of 2022 as stock declines overwhelmed gains in private
equity investments.

OMERS’ stock holdings fell 13.2% and its bond portfolio declined 2.5% in the first six months of
the year. Those losses were partly offset by a 7.7% gain in private equity investments, the
pension fund said.

OMERS’ net assets stood at $119.5 billion as of June 30 this year.

Other public pension funds in Canada reported losses in this year’s first half due to slumping
equity markets.

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Montreal-based Caisse de Depot et Placement du Quebec reported a 7.9% loss in the first six
months of the year, while the Canada Pension Plan Investment Board, the country’s largest
pension fund, posted a negative 4.2% return.

Bucking the negative results was the Ontario Teachers’ Pension Plan, which announced earlier
this week that it had a modest 1.2% return on its investments in the first six months of the year.