PHILIPPINES - Pension fund profits justify methods of a maverick

Winston Garcia has turned a dysfunctional and much-abused GSIS government pension system around, rebuilding the database and introducing sorely needed efficiencies. On the way he has made more enemies than admirers, but healthy financial gains and a doubling in operating revenues highlight his progress. Now he is boldly renovating the agency's investment policies by looking beyond immature markets at home, writes Ian Gill.