GPF to award $660 million in fresh mandates

Thailand's Government Pension Fund (GPF) is adding global real estate and global private equity investments to its portfolio to help improve its risk-return profile. It expects to award around $660 million worth of new mandates to up to 10 fund managers within the next three months.The GPF has around Bt380 billion ($12 billion) in assets, which it manages for 1.2 million civil servants. At the moment, around 85% of GPFÆs assets are invested in the domestic market and the rest, or $1.8…