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Retirement System Unit Won't Sell Shares in Thai Union Frozen Products.

Bangkok Post (Bangkok, Thailand)

| March 02, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Mar. 2--Lombard Thailand Intermediate Fund, the investment arm of Calpers, confirmed yesterday that it would not withdraw from Thai Union Frozen Products Plc (TUF), despite the policy change by the United States' largest pension fund.

The California Public Employees' Retirement System (Calpers) has investments in Thailand worth 101 million baht through the Lombard fund.

Calpers last week said it would divest its holdings in Thailand, the Philippines, Indonesia and Malaysia, citing their failure to meet new investment criteria for emerging markets. It cited a review of financial and political factors, including market regulation, trading liquidity, ...

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Source: HighBeam Research, Retirement System Unit Won't Sell Shares in Thai Union Frozen...