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Byline: Krissana Parnsoonthorn
Sep. 7--MFC Asset Management Plc says the $250-million corporate restructuring fund will be launched by the end of the year, with one investor being Calpers, one of the largest pension systems in the United States.
The Thailand Equity Fund will invest in companies seeking fresh capital to restructure operations. Managed by the MFC, it will be 70 percent financed by foreign investors with the rest from local institutional investors such as banks, said MFC president Chesada Loha-unchit.
Calpers, one of the largest institutional investors in the US, manages pension funds for California public employees.
"Some talks with potential investors are still pending, but we expect to finalise everything this year," Dr Chesada said.
The fund was registered with the SEC with a maximum asset size of ...