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OMERS reports 0.4 per cent portfolio loss in first half of 2022 - constructconnect.com - Daily Commercial News

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.OMERSVentures says it generated a net investment return of negative 0.4 per cent, or a loss of about $500 million, for the first six months of the year amid wider market turmoil.

August 23, 2022

The pension fund manager says the first half of the year was “extraordinarily difficult for investors” as geopolitical challenges, supply chain issues, recessionary threats, and soaring increases to both inflation and interest rates affected results. The fund, which manages investments to pay pensions for municipal employees from communities across Ontario, says it saw positive returns in infrastructure, real estate, and private equity, which helped to offset the negative performance of public equities and credit investments.

 

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