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OMERS to cut back on external GPs

23 Oct 2009

The Ontario Municipal Employees Retirement System (OMERS) is to reduce its reliance on external GPs. The CAN$43bn (€27.4bn) pension fund has decided to move away from externally managed funds and into direct private equity investing, with the goal of shifting its private equity portfolio from 80 per cent direct investments from the current 35 per cent, according to reports.

 

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