OMERS ADMINISTRATION Corp

OMERS Administration Corp is a pension fund based out of Toronto, Ontario. The OMERS Administration Corp, of which the OMERS stands for the Ontario Municipal Employees Retirement System, was originally established in 1962 by a state to handle the retirement benefits of government employees within Ontario while the current structure was set up in 2006. OMERS Administration Corp itself is one of the two corporations that OMERS operates through. OMERS Administration Corp is responsible for the day to day operations of the pension fund while the Sponsors Corporation, the other of the two corporations, represents the involved members of the plan and is responsible for the administration of plan designs and the Administration Corporation board. OMERS has five major investment divisions: the Borealis Infrastructure division invests in public infrastructure, the OMERS Capital Markets division invests in the public equity market, the OMERS Private Equity division, Oxford Properties which deals with real estate, and OMERS Strategic Investments. The company conducts its research both internally and externally, investing in the public equity, alternative, and fixed income markets on a global scale. OMERS Administration Corp invests most heavily in the finance sector, which alone makes up over a quarter of its total asset allocations, and also invests in the information technology, health care, industrials, materials, energy, other, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing allocations. The company holds its allocations for 2.22 quarters on average and, in the most recent quarter, had a turnover rate of approximately 76.4%. OMERS Administration Corp, in the recent decades, has had the majority of its capital increases coming from its own investment returns with the remainder of the funds coming from employee and employer contributions. OMERS serves almost one thousand employers and almost half a million total members, survivors, and retirees.