Hospital Authority issues RFP, replaces US manager

Hong Kong’s Hospital Authority is lining up potential RMB bond and A-share managers for its provident fund scheme after issuing an RFP as it awaits receipt of its QFII quota. Further, the authority – which manages $5.5 billion in pension money for 33,000 members – has just shared a $250 million mandate between two newly appointed US small-cap managers to replace their former US small mid-cap mandate managed by TCW, AsianInvestor can reveal. Heman Wong, executive director of the …