Ontario’s $100 Billion Pension Dismisses Entire Asia Buyout Team

Ontario Municipal Employees Retirement System is cutting its Asia buyout team, marking the latest change in the pension fund’s private equity unit as it reassesses its strategy.

The Singapore-based private equity team for the region has a handful of members, according to people with knowledge of the matter who asked not to be identified because the details are confidential. The decision will be effective Dec. 31.

“The Asia-Pacific region remains a core geography in our global investment strategy,” an Omers spokesperson said in a statement in response to questions from Bloomberg News. “While I can confirm that we have made ...