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).
Alberta Investment Management Corporation ("AIMCo") is pleased to announce that it has acquired, on behalf of its clients, a $520.3 million mortgage portfolio of the Ontario Municipal Employees Retirement System ("OMERS").
$4 billion investment income earned in 2013
The OMERS Primary Pension Plan concluded 2013 with a $1.3 billion reduction in unfunded liability, an improvement in its funded ratio by 3% to 88%, $4 billion in total investment income, and a stronger balance sheet and cash flows to secure its long-term obligation to pay defined pension benefits to its 440,000 plan members.
Shopify, the leading ecommerce and retail platform used by over 80,000 businesses today announced the closing of a $100 million Series C investment. The investment is led by OMERS Ventures and Insight Venture Partners, with participation from Bessemer Venture Partners, FirstMark Capital, Georgian Partners, and Felicis Ventures. The new round of funding will help the company fully expand their recently launched offline retail offering.