Thailand’s Government Pension Fund (GPF) will hire 11 fund managers for its offshore equities and offshore fixed income investments by October, Asia Asset reports. The new appointees will include six equity managers, five fixed income managers and also 10 reserve managers. The GPF, which manages total assets of $13.3 billion, has allocated up to $1 billion in global equities and has about $1 billion of global fixed income assets. In February 2011, the pension fund recruited consultancy Towers Watson to assist in the selection process of asset managers for its offshore equities and fixed-income portfolios.
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