PSPF may still avoid private equity despite new rules

Taiwan's $18.75 billion Public Service Pension Fund (PSPF) isn't planning to dive into private equity even if new rules come into force that would ease the restrictions on such investments. A draft bill proposed by the Taiwanese body that oversees public sector workers, the Examination Yuan, would lengthen the maximum tenure of mandates for alternatives to 12 years from the current five to enable greater flexibility and improve the chances of better returns. But PSPF, which serv…