Saturday, 20 September 2014
Last updated 1 day 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.