Major Investments

As at December 31, 2014

Major Investments

Fair Value

Alternative Investments

($ millions)

Infrastructure assets


Private Equity assets


Real Estate assets


Bonds and Inflation-Linked Investments

($ millions)

Province of Ontario and Provincial Nominal Bonds


Municipal Nominal Bonds


Inflation-Linked Bonds


Private Debt


Corporate Nominal Bonds


Cash & Short Term Deposits




Corporate Shares

Names Shares $
Microsoft Corp. 3,481,564 187,310,624
Talisman Energy Inc. 13,890,100 126,360,837
INPEX Corp. 8,684,400 112,882,016
Noble Corp PLC 5,787,250 111,070,074
Computer Sciences Corp. 1,506,023 109,981,339
Xilinx Inc. 1,946,491 97,598,309
Teradata Corp. 1,900,539 96,152,753
McDonald's Corp. 879,386 95,438,026
Ultra Petroleum Corp. 6,209,150 94,643,404
EMC Corp. 2,702,712 93,098,577
Diageo PLC 2,506,627 83,681,070
American International Group 1,253,300 81,306,061
Tesco PLC 23,677,920 80,820,850
Swatch Group AG/The 242,492 77,464,188
British American Tobacco PLC 1,210,060 76,487,948
Cigna Corp. 591,200 70,468,384
KAR Auction Services Inc. 1,754,000 70,393,918
First American Financial 1,761,970 69,183,179
General Motors Co. 1,696,400 68,593,099
Barclays PLC 14,008,781 61,605,200


The portfolio of assets managed by Borealis on behalf of OMERS at December 31, 2014 includes interests in the following significant investments:

  • Associated British Ports, the owner and operator of 21 ports in England, Scotland, and Wales, handles approximately a quarter of the U.K.'s seaborne trade;
  • Bruce Power, the largest operating nuclear-generating facility in the world, producing 6300 megawatts, or 30% of Ontario's annual electricity needs.
  • Caruna, a regulated electricity distribution utility serving southern, south-western, western and northern Finland, is the country’s largest electricity distribution network;
  • Ciel Satellite, a wholesale communications satellite that offers telecommunication broadband capacity to the North American market;
  • Confederation Bridge, a 12.9 kilometre bridge that links Prince Edward Island and New Brunswick and operates under a concession agreement with the Government of Canada until 2032;
  • Detroit River Tunnel, a railway tunnel linking Detroit, Michigan and Windsor, Ontario;
  • HS1, a 109 km high-speed rail line, which operates under a concession agreement until 2040, connecting England's St. Pancras International train station through Kent to the Channel Tunnel;
  • LifeLabs, a medical diagnostics business that provides more than 100 million laboratory tests across Canada;
  • MCV, a natural gas fired, combined cycle co-generation plant that provides 15% of the power consumption for Michigan's Lower Peninsula;
  • NET4GAS, a Czech-based gas transmission operator with a network of more than 3,800 km of high-pressure pipelines;
  • Oncor, a leading regulated electricity transmission and distribution company serving 10 million customers across Texas;
  • Scotia Gas Networks, a company that operates the Scotland and south of England gas distribution networks, comprising approximately 74,000 km of gas lines serving approximately 5.8 million customers;
  • Teranet, operator of the Province of Ontario’s Electronic Land Registry System under a 50-year exclusive agreement with the government;
  • Vento, a 599 megawatt portfolio of four wind farms geographically diversified across the U.S.; and
  • Hospitals, three large hospitals in the Province of Ontario, serving communities in the Greater Toronto Area and Capital Region.

OMERS Private Equity

  • Affinia Group, a leading manufacturer and distributor of aftermarket components for cars, trucks and off-highway vehicles. Affinia’s broad range of filtration products are sold in North and South America, Europe and Asia;
  • CBI Health Group, a leading provider of outpatient rehabilitation and community health care services with over 165 clinics in Canada, headquartered in Toronto, Ontario. CBI has been selected as one of Canada’s Best Managed Companies by Deloitte for six consecutive years;
  • Caliber Collision Centers, the largest independent provider of automotive collision repair services in the U.S. with over 160 collision centers, headquartered in Lewisville, Texas;
  • CIVICA, a U.K.-headquartered, market leading developer and supplier of niche, mission critical software solutions and related IT services to locally based public sector clients primarily in the U.K., as well as Australia, New Zealand, Singapore, the U.S. and Canada;
  • Give & Go Prepared Foods, the North American manufacturer and supplier of quality frozen, thaw-and-sell baked goods to the In-Store Bakery sector. Give & Go’s popular bite-sized treats are primarily sold under the Two-Bite® and Kimberley’s Bakeshoppe™ brands;
  • Golfsmith International, the world’s largest specialty retailer of golf merchandise, together with teaching academies, golf simulators and pro-shop services in the U.S. and Canada;
  • Great Expressions Dental, a leading dental practice management company with offices in nine states across the midwest, south and northeast U.S.;
  • Hayfin Financial, an independent finance company providing focused lending products to corporate clients and investment management services to institutional clients;
  • Husky International, an Ontario-based global supplier of highly engineered system solutions and related aftermarket services and components for the plastics injection moulding equipment industry;
  • Lifeways, the U.K.’s market-leading provider of supported living services for people with learning disabilities;
  • Logibec, Canada’s leading healthcare IT company offering software and information systems aligned with the future needs of the Health and Social Services Sector. Its wholly owned U.S. subsidiary MatrixCare is the fastest growing cloud-based EHR solution for the eldercare market;
  • Marketwired, a communications services leader providing clients with the tools to get to know, engage and service their customers. Based in Toronto, Marketwired offers a global newswire distribution solution and, through its subsidiary, Sysomos, a suite of best-in-class social-media monitoring and analysis products;
  • V.Group, a global market leader in outsourced ship management, and a leading player in crew provision and related marine services; and
  • Vue Cinemas, a global operator and developer of multiplex cinemas with more than 1,350 screens across 150 multiplex cinemas, primarily in the U.K., Germany, Denmark and Poland.

Oxford Properties Group

The most significant office properties are:

  • Richmond-Adelaide Centre, Metro Centre and a 50% interest in each of Royal Bank Plaza, Waterpark Place, and the TD Canada Trust Tower in Toronto;
  • Centennial Place and a 50% interest in each of Bow Valley Square and Devon Tower in Calgary;
  • Watermark Place, King Edward Court, St. Martin's Court, and a 50% interest in MidCity Place and 122 Leadenhall Street in London, U.K.;
  • Green Park Business Park in Reading, U.K;
  • 32 Rue Blanche in Paris, France;
  • a 98% interest in 450 Park Avenue and a 36.5% interest in Olympic Tower in New York City; and
  • 125 Summer Street, a 45% interest in 225 Franklin Street and 60 State Street in Boston, and a 45% interest in One Memorial Drive in Cambridge, MA.

The Oxford retail portfolio comprises 22 properties, primarily super regional and regional shopping centres, totalling 18.2 million square feet.

The properties are located across Canada, the U.S. and the U.K., with the largest concentration in the Greater Toronto Area. The most significant properties are:

  • a 50% ownership interest in Yorkdale Shopping Centre, Square One Shopping Centre, Scarborough Town Centre and Upper Canada Mall in the Greater Toronto Area;
  • a 50% ownership interest in Quartier DIX30 in Montreal;
  • Southcentre Mall in Calgary;
  • a 50% ownership interest in Les Galeries de la Capitale in Quebec City;
  • Kingsway Garden Mall in Edmonton;
  • Olympic Tower high street retail on Fifth Avenue in New York City; and
  • a 48.4% interest in 130-137 Bond Street, 82-84 Grosvenor Street, and a 100% interest in The Royal Exchange in London, U.K.