In addition, the NPC has recently filled two private-equity mandates, marking its first foray into this asset class internationally. It is looking for further opportunities in global private equity.
The NPC has conducted two rounds of international outsourcing to traditional fund managers. In 2003, it made its first foray overseas, mandating Capital International, Fidelity Investments, State Street Global Advisors and Wellington Capital Management for equities and balanced portfolios. These mandates got funded the following year.
Then in 2004 the NPC followed up with six more mandates,...
¬ Haymarket Media Limited. All rights reserved.
