Thai Life lays out allocation revamp

Insurance firm Thai Life is in the process of awarding its first multi-asset mandates to two international firms and will look to hire external managers as it expands its corporate bond portfolio, AsianInvestor has learned. The firm, one of Thailand’s biggest life insurers with around $7.5 billion in assets under management, has set out to raise its equities exposure and more than treble its alternatives allocation over the next few years in a concerted portfolio shift. Arj Seri…