Foreign Adviser for Thailand’s $54 Billion Pension Fund
Thailand’s biggest money manager is looking for guidance from international advisers to help boost returns after its assets under management surged almost two-thirds in five years.
The Social Security Office, which manages social-security funds for 14 million Thais, is seeking to draw new investment guidelines and will invite foreign companies to compete for advisory services, said Jeerisuda Iamsakul, the state agency’s head of investment strategy and research department. With the recent equity plunge affecting about 14 percent of the total assets invested in stock markets, the fund’s first-half results missed last year’s return of about 6 percent, she said, declining to give further details.
Read More: Bloomberg