NCSSF picks managers for first PPF equity mandates

The National Council for Social Security Fund (NCSSF), which oversees China’s public pension assets, has reportedly chosen the firms that will manage the Rmb15 billion ($2.23 billion) equity portfolio under the new Public Pension Fund (PPF) scheme.  The enhanced index and value stocks strategies will each be run by four domestic fund houses, said the state-owned Securities Times. The managers of the value mandate are Bosera Asset Management, China Asset Management, Dacheng Fund an…