Thailand's GPF reviews offshore investment programme
The $13 billion Government Pension Fund is investing more in foreign assets and has chosen Towers Watson to advise it on manager selection and portfolio allocation.
The Government Pension Fund (GPF) in Thailand has hired Towers Watson to help it choose asset managers for its offshore equities and fixed-income portfolio, switching from Russell Investments’ multi-manager structure.
Equities and fixed income account for the vast majority of GPF’s international assets, and the fund is substantially boosting the $1.8 billion it allocates to these investments, says Triphon Phumiwasana, director in the external funds department. He would not specify t…
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