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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Garcia recasting strategy for $.4-B GSIS foreign investment

Posted on 23 October 2008

From Businessmirror.com.ph: The state-owned Government Service Insurance System (GSIS) has decided that investing $400 million of its money in foreign-equity issues is too risky at this point, given the ongoing volatility in markets around the world.

This has forced GSIS president and general manager Winston Garcia to recast the fund’s original investment strategy, and the agency would now award the mandate to wealth managers that specialize in fixed-income investing, as opposed to those favoring equity securities….. Full Article: Source


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