THE Government Service Insurance System (GSIS) has received a significant financial boost via a P15.8-billion payout from the sale of its stake in Asia-Pacific data center operator AirTrunk.
GSIS President and General Manager Wick Veloso said that the divestment via the Macquarie Asia Infrastructure Fund 2 had strengthened the pension fund’s financial sustainability and provided added support for retirement benefits of over 2 million government workers.
“We have a duty to invest prudently on behalf of our millions of hardworking government employees,” he said in a statement.
Veloso added that the GSIS’ investments through Macquarie Asset Management (MAM) had “delivered excellent results, enhancing retirement security while supporting critical infrastructure,” he added.
The GSIS said that it began the partnership with Macquarie in 2012 through the Philippine Investment Alliance for Infrastructure, focusing on infrastructure projects in the country. In 2017 and 2021, the pension fund expanded its investments into MAM’s regional infrastructure funds.
The GSIS said that MAM, which was managing AU$916.8 billion in assets as of September 2024, was instrumental in delivering strong investment earnings results.
Veloso said that around 70 percent of the pension fund investments were low-risk investments. A portion, meanwhile, is dedicated to higher-yielding ventures such as infrastructure to drive growth and ensure sustainable returns.
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