Taiwan state pensions issue multi-asset RFPs, mandates
The Bureau of Labor Funds has invited bids for $2.4 billion in domestic mandates, while the Public Service Pension Fund has handed $600 million to three foreign asset managers.
Taiwan’s Bureau of Labor Funds (BLF) is seeking asset managers for domestic absolute-return multi-asset strategies, while the Public Service Pension Fund (PSPF) has awarded its first global multi-asset mandates.
Such diversified strategies are proving popular in the face of uncertainty over issues such as the policy of China’s economic slowdown, the incoming US government under Donald Trump, expected US interest rate rises, Britain’s decision to exit the EU and related concern…
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