NCSSF invites bids for landmark overseas equity mandates
It is the first time the China pension fund has sought to hire external managers for overseas mandates since 2015. The mandates include its first mandate for responsible investing.
China’s National Council of Social Security Fund (NCSSF) is inviting overseas investment managers to submit proposals for three active equity mandates for its reserve pension fund, the first time it has invited non-Chinese fund houses to do so in at least five years.
The move underscores the mounting pressure on institutional investors to find alpha, consider responsible investing, and diversify assets into different areas.
NCSSF is asking fund houses to offer proposals for its …
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