PhilippinesÆ GSIS to award $400 million mandate
The amount represents the balance from the $1 billion that the Government Service Insurance System has already earmarked for overseas investments.
Philippine state pension fund Government Service Insurance System (GSIS) is set to award a $400 million overseas investment mandate to one or two global fund managers. The amount represents the balance from the $1 billion overseas investment mandate it earmarked and planned to award last year under a global investment programme, marking the GSISÆs first foray into international capital markets. ING Investment Management and Credit Agricole Asset Management (Singapore) received the fir…
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