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OMERS reports first loss since financial crisis, Caisse trims gains

Feb 25, 2021 - Nasdaq

By and Noor Zainab Hussain

Feb 25 (Reuters) - Canadian pension fund OMERS on Thursday reported its first annual net loss since the 2008 financial crisis and larger rival Caisse posted its smallest gain in two years, as shutdowns and a coronavirus-driven economic slump hurt investments.

OMERS, which had C$105 billion ($83.8 billion) in net assets at the end of 2020, reported a negative return of 2.7%, with widespread lockdowns hitting its investments in real estate, energy and financi...