CANADA - The Canadian Union of Public Employees, CUPE, is pushing for joint trusteeship of the Ontario Municipal Employees' Retirement System (OMERS), on the back of series of ‘under the radar' deals concerning Borealis Capital Corporation.
Until this year OMERS outsourced its real estate, infrastructure and some private equity management to merchant bank Borealis Capital Corporation, in which OMERS had a 30% equity stake. An amount o...
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