Philippine pension fund to award $1 billion mandate
GSIS says the investment mandate could be spread to up to three international fund managers; winner/s to be named by the second week of October.
Philippine state pension fund Government Service Insurance System (GSIS) is set to award a $1 billion investment mandate to one to three international fund managers by the second week of October. This marks the GSISÆ first foray into international capital markets.Nine international fund mangers made it to the GSISÆ short list: BNP Paribas, Credit Agricole Asset Management, Credit Suisse Asset Management, Deutsche Asset Management, ING Investment Management, Northern Trust Global Inves…
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