Ontario pension plan OMERS posts annual gain as real estate and other assets offset falling stocks and bonds

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Fund for municipal workers said it fell short of internal target for 2022 but still reported a gain of $4.9 billion last year

One of Ontario’s largest pension fund managers said its investments in private assets, real estate and infrastructure helped save it from a wipeout last year as public stocks and bonds took big hits amid turbulent markets.

That still fell short of an internal benchmark targeting a gain of 7.2 per cent for the year, but it comes after other large pension managers, including the“It’s an extraordinarily difficult year for any investor … So, on balance, we are pleased with the outcome,” OMERS CEO Blake Hutcheson told the Star.

The pension fund said its investments in bonds fell by 3.8 per cent last year and its public equity assets lost 11.9 per cent. amidst a rout of financial markets following the start of the war in Ukraine and central banks beginning to tackle runaway inflation with a string of interest-rate hikes.

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OMERS reports $4.9-billion gain as private assets offset public-market lossesOntario Municipal Employees Retirement System saw a 4.2% return in 2022 Also an unflattering MER of 60BPS; Comp for 5 top execs was $15.6 million with Blake Hutcheson’s share at $5.16M and former CIO Satish Rai at $4.1M; $693M of investment management Exps; $682M of Commuted Value payments!! And $32M of Travel and Comms expenses🧐OMERS
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