Thailand's GPF: How it selects external managers

Thailand’s Government Pension Fund (GPF) places high emphasis on environment, social and governance (ESG) when it selects investment managers, and expects them to deliver alpha using a bottom-up approach, a senior investment official told AsianInvestor. The fund uses external managers for a wide variety of investments, said Man Juttijudata, deputy secretary general responsible for investment strategy, fund management and sustainable investments. "We use external managers for dev…