CANADA/US - Direct infrastructure investment is attracting attention from an increasing number of North American pension funds demonstrated by two major funds commiting funds to the asset class.
Borealis Infrastructure, an investment arm of the Ontario Municipal Employees Retirement Board (OMERS), has committed an unspecified amount to New York Regional Interconnect (NYRI) in the development of its proposed electrical transmission project in the state.
New Jersey’s State Investment Council yesterday discussed the inclusion of infrastructure in pension portfolios for the first time.
It continued to put forward options of investment in hedge funds and private equity, but unions were reportedly angered at the debate citing it as a potentially risky strategy.
Some council members agreed it was an opportunity to be explored, but warned the strategy carried risks.
Borealis was set up in 1998 to manage the infrastructure investments of OMERS’ $43bn in assets.
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
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