Ontario fund earmarks €6.8bn for alternative investment

The C$32.7bn (€19.5bn) Ontario Municipality Employees' Retirement System (Omers) is doubling its allocation to private equity and other alternative investments in a bid to improve long term performance.

Omers, Canada's third largest pension fund with 340,000 members, will devote at least 35% of its funds to private equity, infrastructure and real estate investments over the next five years.

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