The Ontario Municipal Employees Retirement System is looking to increase its domestic exposure from about 18 per cent—or about $26 billion—to 25 per cent, CEO Blake Hutcheson told The Globe and Mail, pointing to growing opportunities in infrastructure, real estate, and defence and startup financing. (The Globe and Mail, The Logic) 

Talking point: OMERS joins RBC and CIBC, which also signalled plans this month to ramp up domestic investment, though no other major pension fund’s CEO has publicly put forward a concrete dollar target to substantially increase its Canadian investments. The push comes as Prime Minister Mark Carney presses Canada’s large institutions to deploy more capital at home, and in advance of a global summit in September intended to attract foreign investment into Canadian projects. “The message that I’ve repeatedly shared is, ‘stop mixing and start painting,’” Hutcheson said. “In recent months, we’re seeing the painting.”