Posted on 14/10/08
OMERS makes move for worldwide growth
TORONTO -- The Ontario Municipal Employees Retirement System (OMERS) is further expanding its investment operations globally with an eye to deal making with sovereign wealth funds.While financial turmoil is forcing some to hunker down, the pension fund is going on the offensive by opening a 20-person office in London as it pushes forward with plans to invest a larger portion of its $52-billion in assets in private markets. The London branch will be a hub from which the fund plans to expand into other regions under the OMERS Worldwide brand.
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