OMERS reports 2008 loss

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CANADA - The Ontario Municipal Employees' Retirement System (OMERS) has posted a loss of CAN$8bn (US$6.38bn) for 2008.

The Canadian fund said investment returns for 2008 stood at -15.3% over the year, down from a positive return of 8.7% in 2007, but added its five year return remained healthy at 6.9%, above its inv...

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