Omers Cuts Entire Asia Buyout Team Amid Private Equity Overhaul

Ontario Municipal Employees Retirement System is cutting its Asia buyout team, effective December 31. The team, based in Singapore, had a handful of members. Private credit employees in the same office have been kept on. The decision is part of the pension fund's private equity unit's reassessment under new chief investment officer Ralph Berg. The Asia-Pacific region remains a core geography in Omers' global investment strategy.