Comments on: CPF Hiring Investment Manager

By: Ethan

Ethan — Thu, 29 Sep 2011 07:47:59 +0000

Oh 1 last bit, I asked them why i couldnt find any information on the funds being managed by CPF, they said other than its current balance, no other information will be made transparent. Its all hush hush, especially on how the fund is managed.

By: Martin Lee

Martin Lee — Thu, 29 Sep 2011 07:23:14 +0000

Hi Ethan,

Thanks for the update. Actually, I have always wondered why there is a need for so many different investment teams. GIC, Temasek, CPF, MAS. There’s bound to have a lot of duplication and waste of resources.

By: Ethan

Ethan — Thu, 29 Sep 2011 04:48:18 +0000

I went to the interview. Actually this position is to help managed and investigate in all the trust unit, ETF, bonds that CPF investment branch handles. CPF have an internal team to make investment choices and does not solely depend on GIC as most would suspect. Its primary target is to fulfil the minimun requirement to satisfy the CPF interest rates. Additional income goes into a reserve to ensure continuity of the i/r payment even if the investment did not perform up to standard.

Note, if all money is pegged to the SG gov bond, if the bond was to under perform or just perform up to the standard of 4%. CPF will definitely make a loss. (remember up to 5% is given for the first 40k of SA and 3.5% for first 20k OA). Rest assured the investment portfolio is managed with minimum risk as priority.

By: DanielP

DanielP — Mon, 12 Sep 2011 12:28:06 +0000

Perhaps there could be further liberalisation of CPF investments into local listed corporate bonds

By: Martin Lee

Martin Lee — Mon, 12 Sep 2011 08:23:37 +0000

Dear data,

Think there is some management involved as he is required to “Analyse local corporate bond issuers” as part of the job scope.