The Ontario pension fund manager ended 2024 with $138.2 billion in assets, up from $128.6 billion a year earlier. Its annual return, which amounted to $10.6 billion, exceeded the 7.5 per cent benchmark comparison and the fund’s 10-year average return of 7.1 per cent. (The Logic)

Talking point: OMERS, which invests on behalf of 640,000 public service workers in Ontario, said high exposure to the strong U.S. dollar boosted returns in 2024. U.S. assets made up 53 per cent of the fund’s total portfolio by year-end, up from 48 per cent a year earlier. Public stocks also buoyed returns, gaining nearly 19 per cent, more than any other asset class. Real estate, meanwhile, continued to strain performance, with the asset class losing 4.9 per cent. CEO Blake Hutcheson told The Globe and Mail that tariffs could add inflationary pressure on the pensions OMERS pays, but that the firm is sufficiently diversified.