Diversification Leads OMERS to Positive Investment Return in 2011
According to the press release, “OMERS, one of Canada’s largest pension plans, ended 2011 with an all-time high of $55.1 billion in net assets. Net assets of the Plan, which administers pensions and invests pension assets for almost 420,000 members, have increased by almost $12 billion since the 2008 global credit crisis.
“Our view of risk is shaped by prudent use of debt, stringent investment criteria and rigorous discipline in all our investment decisions. This view is in line with protecting capital and ensuring liquidity for our Plan members in turbulent market conditions. We are proud of our track record of solid investment returns, our triple ‘A’ credit rating, and our reputation as a responsible, long-term investor,” said Michael Nobrega, OMERS President and CEO.
Through its diversified, global asset base, the Plan generated a positive investment return of 3.17% in 2011, earning $1.7 billion and exceeding the performance benchmark by 65 basis points.
In achieving these results, OMERS had strong investment performance from its private market portfolio, which generated a return of 8.20%. The Plan’s public markets portfolio generated an investment return of negative 0.22%.
In 2011, OMERS also made strong progress towards achieving the goals and initiatives laid out in its Strategic Plan.
“I’d like to take this opportunity to commend employees from across our organization for their high level of engagement in their work. They are focused on delivering the quality service and stable investment results that enable us to deliver on the pension promise over the long term,” Mr. Nobrega said.”
Read more: OMERS Press Release