The Ontario Municipal Employees Retirement System aims to triple its assets in Asia-Pacific over the next eight years from the C$13 billion ($9.5 billion) it’s already deployed in the region, according to its President and Chief Executive Officer Blake Hutcheson.
(Bloomberg) — The Ontario Municipal Employees Retirement System aims to triple its assets in Asia-Pacific over the next eight years from the C$13 billion ($9.5 billion) it’s already deployed in the region, according to its President and Chief Executive Officer Blake Hutcheson.
Speaking at the Milken Institute Asia Summit on Thursday, Hutcheson said the Canadian pension fund was in “full diversification mode.”
“So far we’re very focused on India and Australia in two areas — infrastructure and real estate — and basically computer screen investing in the rest of Asia and Southeast Asia from an equities standpoint,” he said.
The Ontario pension, also known as Omers, had C$119.5 billion in assets as of June 30. It posted a 0.4% loss for the first six months of the year partly due to a fall in public stocks.
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
