EPF to boost alternatives, shrink manager roster
The $161 billion Malaysian state pension fund is reviewing its strategic asset allocation and is likely to raise exposure to private markets. Separately, it will cut the number of fund houses it uses.
Malaysia’s Employees Pension Fund (EPF) is reviewing its strategic asset allocation and expects to raise its allocation to alternative assets by 2-3 percentage points starting next year, AsianInvestor has learned. Separately, it is planning to reduce the number of external fund managers it uses.
This means the state retirement fund may put another $5 billion or more into alternatives as a result of the review, with a focus on private-market assets, in line with the rising regional…
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