Thailand's Social Security Office in $600 million global RFP
The $25 billion state institution is making its first moves into foreign equities and property and boosting its exposure to international fixed income with three $200 million mandates, one for each asset class.
Continuing the trend for large Asian institutions to expand their overseas portfolios, Thailand's Social Security Office (SSO) has invited fund managers to bid for three $200 million global mandates, one each for equities, fixed income and real estate.
This year is the first time the SSO has invested in global equity and global real estate, says Win Phromphaet, Bangkok-based head of real estate and global investments. The organisation plans to increase its offshore exposure gradua…
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