Tuesday, 21 October 2014
Last updated 8 hours ago
Feb 12 2007 | 11:27am ET
The C$48 billion (US$41 billion) Ontario Municipal Retirement System is looking to increase its private equity exposure in Asia and is allocating over C$200 million (US$170 million) to the space, according to Paul Renaud, CEO of OMERS Capital Partners, the system’s p.e. arm.
Currently, the system has roughly 10% of it total assets dedicated to private equity and, “in our mind we will probably have somewhere in the mid- to high-single digits in Asia,” said Renaud.
The system, which invests in external fund managers as well as making direct p.e. investments, will seek to gain exposure to China, India, Japan and Australia through existing relationships with p.e. heavyweights such as Texas Pacific Group and Kolhberg Kravis Roberts, as well as through new relationships.
OMERS’ 2006 private equity returns, which are expected at the end of the month, are expected to be in the mid- to high-teens, according to Renaud.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...