Fixed-income managers pitching for Guam mandate

Bond fund managers based in Hong Kong and Singapore are now pitching for a mandate from the $1.2 billion Government of Guam Retirement Fund.Guam is a protectorate of the United States and a roughly four-hour flight east of Hong Kong into the Pacific. It has two main industries, tourism - the scuba diving is good - and government. Although many of the US fund managers fighting for the business may have learned about the mandate from headquarters, the top brass have passed responsibilit…