Outside fund managers to manage GPF's investment
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The Government Pension Fund has signed up four asset management companies to manage its domestic bond and equity investment portfolio worth over Bt33.5 billion.
In a statement, the fund said that under the 3-year contract, Krungsri Asset Management, Tisco Asset Management, Kasikorn Asset Management and One Asset Management will jointly manage equity investment worth Bt13.5 billion. One Asset Management and MFC Asset Management will manage its bond investment worth Bt20 billion.
"The contract is expected to increase the variety of return-generating opportunities and risk diversification, as outside fund managers possess different investment patterns from GPF's. This would also create a channel whereby technology and investment strategies of in-house and outside fund managers can be exchanged, for the benefits of the fund," said Sopawadee Lertmanaschai, secretary-general of the GPF.
