NCSSF picks foreign managers for global assets

China’s state social security fund has chosen a batch of foreign asset managers to run the global mandates for which it invited pitches a year ago. They cover emerging-market bonds, multi-asset allocation, global resources active equity and global real-estate active equity. The National Council for Social Security Fund (NCSSF) said this week that it has signed investment-management agreements with 12 foreign fund houses for its global portfolios. It does not specify the size of th…