CANADA - The Ontario Municipal Employees Retirement System has announced that its strategic investment arm has bought the asset management arm of Guard Resources (GRL).
It added this new investment would be operating under the name of OMERS Energy Services - comprising of GRL's employees, assets and management contracts.
GRL has been associated with OMERS and its direct investments in the oil and gas sector since 1984.
Gordon Phillips, formerly president and chief executive officer of Guard Resources has been appointed as the president and chief executive of OMERS Energy Services.
OMERS president and chief executive Michael Nobrega said: "Phillips and his team have generated annual investment returns greater than 20% over the past ten years and we have a long-standing relationship that made this deal a natural fit for our direct-drive asset management strategy."
The pension fund said the strategic focus would be placed on properties where OMERS Energy Services could obtain operational control.
It added the assets would be acquired through competitive bids and private sales.
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.