Thailand's Bt150 billion $3.75 billion Government Pension Fund will select an investment consultant this week to advise on its asset allocation strategy, and expects to be able to issue a second mandate to help it invest offshore for the first time in the next few months, says Visit Tantisunthorn, secretary general in Bangkok.
Frank Russell, Towers Perrin, Watson Wyatt and William M Mercer are competing for the asset allocation business.
Visit says GPF's existing allocation asset strategy is already on par with international standards, but it wants an expert to confirm what we're applying now is right. GPF is limited by law to putting no more than 10% into equities or non-rated fixed-income...
