The OMERS Sponsors Corporation (SC) has completed its annual decision-making cycle and made a decision related to its 2015 Plan change review. For 2015, the SC will not consider benefit or contribution rate changes to the OMERS Pension Plans. The SC will consider the matter again in 2016 under its annual decision-making process, including Plan change suggestions that have been submitted by stakeholders.
Mojix, the global leader in wide area sensor networks, today announced the completion of its $14 million Series D financing round. OMERS Ventures, the venture capital arm of the OMERS pension fund, led the round.
A consortium consisting of Borealis Infrastructure Management Inc, Tredje AP-Fonden ("AP3"), Forsta AP-Fonden ("AP1") and Folksam with subsidiaries (the "Consortium") has signed today an agreement to acquire 100% of the shares of Fortum Distribution AB, Fortum's electricity distribution networks in Sweden.
Funds in an AVC account earn the OMERS Fund rate of return, net of investment expenses. For 2014, this is 10%.
$72 billion, a $7 billion increase over 2013. OMERS generated a 10.0% return for the year (net of investment expenses), exceeding its long term funding requirement of 6.5% (net), and the prior year return of 6.0% (net).
Manager, Communications - Investments