The country's public sector employees' pension fund is among the cornerstone investors for the infrastructure PE vehicle.
Tag : gsis
The Government Services Insurance System switches global custodians to JP Morgan from Citi.
The amount represents the balance from the $1 billion that the Government Service Insurance System has already earmarked for overseas investments.
State pension fund GSIS says the two fund management companies scored the highest on competitiveness, transparency and investment proposals for the $1 billion overseas 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.
Offshore investment has been done before but will not happen under the current economic circumstances.