(Toronto) The Ontario Municipal Employees Retirement System (OMERS) reported on Monday that it returned 4.2% for its fiscal year 2022, as gains from its private investments supported its results even as stock markets and global bonds fell.
The 2022 return follows a 15.7% gain in 2021.
The manager of the Ontario Municipal Employees Retirement Fund said its net assets were $124.2 billion as of December 31.
In its public investments, OMERS says its bonds fell 3.8% in 2022, while its investments in equity markets lost 11.9%. The fund’s investments in public credit gained 3.4% last year.
Meanwhile, the fund said its private equity investments grew 13.7% in 2022, while its infrastructure investments rose 12.5%.
OMERS said its private real estate investments returned 13.6% in 2022.