The $131 billion National Council for Social Security Fund (NCSSF) will diversify from domestic volatility and is expected to increase private equity investments, Asian Investor reports. The NCSSF, which manages China’s Social Security Fund, allocated $1.539 billion in new mandates to eight domestic asset management firms, including GF Fund Management and Dacheng Fund Management. Of the total, $924 million will be put in China equities, while the remainder will be allocated to bonds. The NCSSF has set a target of $230.99 trillion in assets by 2015. The fund is allocating a growing amount of capital to alternatives.
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