South Africa's government investment manager, Public Investment Commissioners (PIC), is expecting a directive from the R220bn (US$28bn) Government Employees Pension Fund (GEPF) to put out to tender the fund's R60bn domestic equity portfolio.
The active mandate for the GEPF is currently managed by Old Mutual Asset Managers, Liberty Asset Management, RMB Asset Management and Gensec Asset Management. Ncedo Mlama, chief executive, GEPF ...
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