EPF earmarks M$1 billion for private equity
Malaysia''s Employees Provident Fund is looking for long-term, higher yielding investments.
Malaysia's M$240 billion ($57 billion) Employees Provident Fund has begun investing in domestic private equity. The country's biggest institutional investor - its assets under management are larger than Bank Negara's foreign reserves - faces a problem of long-term liabilities but a lack of long-term assets it can invest in at home.
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