Thailand’s GPF dishes out five global equity mandates

25 April 2012   Category: News, Asia, Thailand   By Hui Ching-hoo

Thailand’s Government Pension Fund (GPF) has awarded US$900 million worth of global equity mandates to five fund managers – T. Row Price, MFS Investment Management, Altrinsic Global Advisors, INTECH Investment Management, and Veritas Asset Management.

The GPF has not yet disclosed the quota each manager received. Triphon Phumiwasana, director of foreign investment and external fund management at GPF, told Asia Asset Management that the portfolio is being managed as a fund of funds. “We feel that our portfolio is quite well diversified in terms of fund manager styles and the sources of alpha,” he said.

Furthermore, the GPF appointed PIMCO, Wellington Management, Loomis, Sayles & Company, Brandywine Global and Lazard to oversee its global fixed income mandate valued at $1 billion.