UPDATE 2-Canada's OMERS eyes global deals as assets rise again

Fri Feb 22, 2013 3:26pm EST
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* Net assets rise to C$60.8 bln

* Seeks to diversify beyond N.America, Europe

* Private equity, property, infrastructure power returns

* Alberta energy investment stumbles as oil, gas prices sag

By Andrea Hopkins

TORONTO, Feb 22 (Reuters) - Canadian pension fund OMERS said on Friday it wants to diversify beyond its traditional strongholds in North America, Britain and Western Europe, but will remain focused on property, healthcare, infrastructure and energy assets as it seeks deals around the world.

OMERS, which manages the pension plan for Ontario's public-sector municipal workers and has become a global dealmaker by virtue of its deep pockets, said it is just looking for the right opportunities based on risk and reward.

"We'll be highly focused in terms of the sectors we're looking at. We have investments in energy, large infrastructure projects on a world-wide basis, in healthcare and in pipelines, and we'll continue to look for those kinds of opportunities around the world for the right risk-return," OMERS chief financial officer Patrick Crowley said in an interview.

"I don't think we want to restrict ourselves to any one particular jurisdiction -- we have a large fund and we're very active and we want to get the best return for our members."   Continued...