Fund houses follow EPF in Malaysia buildout

When an institutional client with $175 billion in assets under management makes a suggestion, fund houses tend to listen. So it has proved in Malaysia, where asset managers are looking to expand their investment teams at the behest of the state-backed Employees Provident Fund (EPF), the country’s biggest investor by far. Sources say that last year EPF held one-on-one meetings with foreign fund managers to encourage them to locate investment and operational teams in Malaysia. The…