NPCÆs executive committee, with the approval of its regulator, the Ministry of Health and Welfare, has recently approved a new five-year plan. After years of experimenting with international outsourcing and new asset classes such as real estate and private equity, the NPC is now supposed to adopt a more risk-taking, internationally diversified strategy.
ôOur executive committee realises that the fund has become too big for the domestic market,ö says an NPC official. ôThis is a radical change. It may take time for us to adapt. But the decision...
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