Ontario Municipal Employees' Retirement System (OMERS) has reported a net investment return of -0.4 percent, or a loss of $0.5 billion during the six-month period from Jan. 1 to June 30.
The plan earned a net investment return of 6 percent during the year ending June 30, representing a gain of $6.7 billion. OMERS recorded a net investment return of 15.7 percent — or $16.4 billion — for the 2021 calendar year. As of June 30, OMERS’ net assets were $119.5 billion.
“As everyone has witnessed, the first half of the year was extraordinarily difficult for investors in an environment characterized by ongoing geopolitical challenges, supply chain issues, recessionary threats and soaring increases to both inflation and interest rates — more rapid than we have seen in decades,” said Blake Hutcheson, president and CEO of OMERS. “These influences combined to create acute stress in the global economic environment, pushing the returns for leading global investment mark
