OMERS calls for more freedom

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CANADA - The Ontario Municipal Employees Retirement System (OMERS) has called on the government to give pension funds more investment freedom, claiming restrictions were hurting its ability to provide stable, long term cash returns.

Releasing its 2007 results, Michael Nobrega, president and CEO of OMERS, said the pension fund "urgently" needed the Ontario government to lift restrictions on its ownership of companies. He sa...

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