Canadian pension fund OPSEU Pension Trust (OPTrust) has opened an office in Sydney to make infrastructure and private equity investments in Asia.
OPTrust managing director Stan Kolenc and portfolio manager Morgan McCormick are relocation to Sydney from the fund’s office in London, said the Wall Street Journal.
Kolenc said, “Sydney made sense for us, because we expect most of our Asian infrastructure investments to be in Australia and New Zealand.
“In private equity, we’ll target equity investments of between A$20m and A$75m, while in infrastructure, our targeted equity check is between A$50m and A$250m.”
The report noted that Ontario Municipal Employees Retirement System’s infrastructure unit Borealis Infrastructure has recently opened an office in Sydney.
OPTrust, which currently has C$14.7bn under management, posted a 10.1 per cent investment return in 2012, surpassing its 6.5 per cent.
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