OMERS – Benefits Canada.com

OMERS committing to net zero, UPP facing divestment calls from university staff

bwolfe — Mon, 29 Nov 2021 14:00:44 +0000

The Ontario Municipal Employees Retirement System is the latest pension plan to commit to net-zero greenhouse gas emissions across its total portfolio by 2050. In a press release, the OMERS said its path to net zero will be informed by the annual calculation and public disclosure of its total portfolio carbon footprint. The release also […]

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CPPIB refinances packaging company, invests in reinsurance provider alongside OMERS; AIMCo invests in Asian PE fund

Gideon Scanlon — Tue, 23 Nov 2021 14:00:51 +0000

The Canada Pension Plan Investment Board is recapitalizing an expanding packaging business. The institutional investor has signed an agreement with the U.S.-based Berlin Packaging, a supplier of glass, plastic and metal containers with annual revenues of about US$2.5 billion. Private equity firm Oak Hill Capital Partners, which has been an investor in the packaging supplier […]

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Net-zero transition offering opportunities for Canadian pension sector: report

bwolfe — Wed, 10 Nov 2021 13:00:28 +0000

Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]

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CPPIB invests in European student housing, OMERS buys solar power producer

Jennifer Paterson — Thu, 04 Nov 2021 13:00:13 +0000

The Canada Pension Plan Investment Board is part of a new joint venture that’s aiming to be one of the largest student accommodation partnerships in Europe. Alongside global real estate investment manager Round Hill Capital, the joint venture is targeting assets in excess of €1 billion and will invest in standing assets and developments across continental Europe. […]

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Institutional investors teaming up to promote net-zero economy

bwolfe — Thu, 14 Oct 2021 13:00:51 +0000

Canadian pension funds are among the institutional investors participating in Climate Engagement Canada, a new initiative to promote a net-zero economy. The initiative, which is coordinated by several investor networks, is launching with 27 institutional investors that collectively manage more than $3 trillion in assets, according to a press release. The participating pension funds include […]

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Do large public pension funds need more third-party investment reviews?

bwolfe — Fri, 17 Sep 2021 12:56:33 +0000

When the coronavirus pandemic shook up the investment landscape last spring, Canadian pension funds were also jostled by the shock wave, with the Alberta Investment Management Corp. and the Ontario Municipal Employees Retirement System among the hardest hit. And while the pandemic was an unprecedented event, such losses have raised the issue of whether Canadian pension […]

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OMERS joining think tank to find uses for AI in the pension sector

Gideon Scanlon — Tue, 24 Aug 2021 17:15:46 +0000

A new strategic collaborative project between the Ontario Municipal Employees Retirement System and an artificial intelligence-oriented think tank is aiming to expand the use of AI software in the pension space. Through the partnership, which is expected to last for the next five years, the Toronto-based Vector Institute’s researchers will provide the OMERS’ staff with […]

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OMERS invests in European medical infrastructure, hydrogen power, CPPIB in Latin American logistics fund

Gideon Scanlon — Tue, 03 Aug 2021 17:00:44 +0000

The Ontario Municipal Employees Retirement System is a part owner of a European medical diagnostics supply business. The OMERS has acquired 37.5 per cent of the Germany-based Amedes Group from Antin Infrastructure Partners. The investment is the Ontario-based plan’s fourth infrastructure investment in Germany. The Amedes Group, which specializes in medical testing, operates more than […]

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Canada’s largest pension funds come together at inaugural climate change event

Gideon Scanlon — Wed, 16 Jun 2021 13:00:10 +0000

Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]

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OMERS in equity funding for Swedish battery manufacturer

Gideon Scanlon — Mon, 14 Jun 2021 12:45:49 +0000

The Ontario Municipal Employees Retirement System is co-leading a US$2.75 billion ($3.3 billion) private placement to raise equity for Northvolt, a Swedish battery maker. Alongside the OMERS, four Swedish public sector pension funds, Goldman Sachs Asset Management and the Volkswagen Group also co-led the private placement. According to a press release, the equity injection will […]

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