A Message from OMERS President and CEO, Blake Hutcheson

…The effects of the global COVID-19 pandemic negatively impacted our portfolio in 2020, particularly our business- and consumer-facing investments, contributing to an investment return net of expenses of -2.7% for the year. Widespread lockdowns in investments that included retail properties, and the transportation and entertainment sectors explain more than half of our shortfall to our benchmark in 2020.

“We are a long-term investor that pays pensions over decades, and with a strong team and strategy in place, this single year will not define us,” said Blake Hutcheson, OMERS President and CEO….continued