China social security fund in fresh mandates drive

China’s National Council for Social Security Fund (NCSSF) has placed a notice on its website inviting domestic investment funds and securities firms to apply to manage its growing assets. If successful, it will be the first time since 2004 that the fund has added domestic managers to its 10-strong list. Regarded as China’s most sophisticated asset owner, the NCSSF’s new recruitment plans are likely to trigger a fierce round of competition in the industry. Fund management firms will be…