EPF earmarks M$1 billion for private equity

Malaysia's M$240 billion ($57 billion) Employees Provident Fund has begun investing in domestic private equity. The country's biggest institutional investor - its assets under management are larger than Bank Negara's foreign reserves - faces a problem of long-term liabilities but a lack of long-term assets it can invest in at home. The organization has earmarked M$1 billion ($263 million) for investments in private equity, says Dr. Roslan Ghaffar, deputy CEO of investments in Kuala…