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Thailand's pension fund earmarks $11.6b for global private assets amid overhaul

Thailand's pension fund earmarks $11.6b for global private assets amid overhaul

FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha/File photo

Thailand’s underperforming $77 billion social security fund will invest $11.6 billion in a new foray into global private assets, an executive told Reuters, part of a strategic overhaul to address its poor returns amid rising demand from an ageing population.

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