China’s NSSF returns 15%, to boost PE assets

China’s national reserve pension fund announced a return of 15.14% in 2015, largely driven by its exposure to direct equity investments and private equity funds, which are set to grow further.  This represented the National Council for Social Security Fund's (NCSSF) best performance for six years and boosted its total assets by 17.2% to Rmb1.8 trillion ($276 billion). This comes as China's State Council on February 5 approved draft rules for NCSSF, which are expected to allow it…