The Ontario Municipal Employees Retirement System(OMERS)is forecasting a better-than-expected return on its investments this year, according to a newswire report.
The fund expects a return of 10% due to gains from its investments in stocks, private equity and real estate.
In March, chief executive Paul Haggis forecasted 2006’s return to be half of the 16% gain recorded last year.
To comment on this story email craig.sebastiano@rci.rogers.com.
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