China's National Council for Social Security Fund, Beijing, announced it hired 12 money managers to handle multiasset, emerging markets debt, natural resource equity and global real estate strategies, according to the $136 billion fund's website.
Details on the size of the mandates weren't revealed.
J.P. Morgan Asset Management, Lombard Odier, Neuberger Berman and Schroder Investment Management will run multiasset class strategies; and Standish Mellon Asset Management and Stone Harbor Investment Partners will handle emerging markets local currency debt portfolios.
AGF Investments, Investec Asset Management, RBC Global Asset Management and JPMAM will manage natural resource stock strategies; and AEW Capital Management, AMP Capital Investors and European Investors will run global real estate equity.
In a telephone interview, Chris Boyle, senior vice president, institutional, with AGF Investments said the NCSSF mandate for AGF's global resources team, led by Robert Lyon, is AGF's first from an Asian-based sovereign wealth fund.
Efforts to reach the NCSSF were unsuccessful.
