Portugal' s Instituto de Gestao de Fundos de Capitalizacao da Seguranca Social - the EUR3.2bn pensions reserve fund - may be outsourcing 20% of its assets by the year end.
Presently the Lisbon-based fund is managed in-house, and is restricted to maximum investments rates of up to 50% in Portuguese public debt, 30% in real estate, 20% in equity and 49% in fixed income...
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