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Thai Social-Welfare Fund to Hire Private Help.
Byline: Wichit Sirithaveeporn
Feb. 5--The Social Welfare Fund plans to hire private fund managers to help oversee investments, according to Somporn Thongchuenchit, the director of technical studies and planning with the Social Security Office.
She said the programme would increase flexibility in managing assets, particularly funds held in categories such as equities or corporate bonds, which involve higher risks.
Two or three fund managers could be hired by the welfare fund. Currently, all investment decisions are made by a separate committee operated by the fund.
Regulations call for at least 60 percent of assets to be in low-risk ...
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