Handing 30-50% of Chinese listed state-owned entities' equity to the country's National Social Security Fund would be too aggressive a move, says consultancy Z-Ben Advisors.
The social security fund selects eFront to provide automated support for its alternative investments, with its domestic PE portfolio tipped to become increasingly important in 2012.
The $131 billion social security fund is expected to increase private equity investments and to look offshore after domestic market volatility reduced its 2010 returns to 4%.
The National Council for Social Security Fund is inviting domestic investment funds and securities firms to apply to manage its growing assets for the first time in six years.
The $240 billion fund is lobbying its regulators to allow it to invest in global alternative investments, but timing is a mystery.