China’s National Social Security Fund, the country’s $130 billion pension fund, is looking to appoint four overseas asset managers, The Wall Street Journal reports. The selected firms will manage multi asset allocation products, emerging market local currency debt products, global natural resources equity products and global real estate equity products. The applicants are required to have stable financial investment records, at least $5 billion worth of assets under management and at least six years’ experience in asset management. The pension fund is aiming to boost its overseas investment and double its total assets over the next five years to nearly $300 billion.
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