PhilippinesÆ GSIS may outsource in near future

Offshore investment has been done before but will not happen under the current economic circumstances.
September 30, 2002

Officials at the Philippines' Government Service Insurance System, which manages Ps205 billion ($3.9 billion) of assets on behalf of 1.4 million member civil servants, say it is looking at outsourcing part of its investments to external fund managers.

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