As a leading defined benefit pension plan, OMERS is focused on making strategic investments and building partnerships for the long term with a goal to deliver returns to help fund OMERS pensions. Here are some investment news items from 2017.
A new office in Singapore
In October, OMERS announced that it will open a new office in Singapore, a major financial hub, in January 2018.
Having a presence in Singapore is part of a multi-year strategy being carried out by OMERS to identify promising investment opportunities in emerging markets, and to further diversify OMERS global investment holdings.
The Singapore office establishes our first location in Asia. OMERS also has employees in Toronto and other major cities across North America, the U.K., Europe and Australia.
More information on this announcement can be found in the news release.
Did you know?
OMERS invests in LifeLabs
OMERS Infrastructure manages our investment in LifeLabs. Choosing LifeLabs for your healthcare laboratory, diagnostic and genetic testing supports the OMERS Pension Plan and, ultimately, supports our members. You can conveniently book your appointments online.
For more information about LifeLabs, please visit their website.
Investing in National Veterinary Associates
In July, OMERS announced a minority investment in National Veterinary Associates (NVA), the largest independent owner-operator of veterinary hospitals, pet boarding and daycare centers in the United States, Canada, Australia, and New Zealand, with 502 locations and more than 1,800 affiliated veterinarians.
NVA partners with leading animal hospitals to offer a full range of medical and surgical services within their local communities, and invests to support the needs of veterinarians as they deliver high-quality, compassionate care to companion animals and to the people who love them.
Visit nvaonline.com to see locations where you can bring your pet.
Supporting Halifax startup Manifold
OMERS Ventures continues to support homegrown technology talent in Canada. In September, OMERS Ventures announced a financing round to Manifold, a platform for web developers that simplifies the process of building web-based applications. Founded in 2016, Manifold will use the funds raised to build its team and expand its list of services.
Sale of High Speed 1
In July, Borealis Infrastructure (renamed OMERS Infrastructure) announced an agreement to sell OMERS investment in High Speed 1, Britain’s high-speed rail line connecting London with the Channel Tunnel. This investment was first made in 2010.