PSPF seeks to offset volatility with NT$20b mandate
The pension fund intends to split the domestic portfolio between four asset managers. It explained to AsianInvestor why it is employing an absolute-return strategy to do so.
Taiwan’s Public Service Pension Fund (PSPF) is inviting bids for a five-year domestic equity investment mandate of up to NT$20 billion ($654.6 million) that pursues strategies that can counter volatility in the local stock market.
The NT$585.68 billion state public pension fund, which serves the retirement needs of civil servants, teachers and military personnel in defined benefit schemes, announced the invitation last Friday (October 18). Fund managers can submit their pitches on…
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