Taiwan BLF invites bids for $5.3bn in mandates
The Bureau of Labor Funds is seeking managers for 21 mandates, including its first global multi-asset portfolios, as it moves to further boost its alternatives and index exposure.
Taiwan’s Bureau of Labor Funds (BLF) has invited fund managers to submit bids to run $5.3 billion of global portfolios across 21 segregated five-year mandates. These will comprise 12 portfolios totalling $3.2 billion for the state pension fund's first global multi-asset allocations and nine for $2.1 billion across enhanced Asia-Pacific equity strategies.
The BLF aims to further diversify its $89 billion in assets to achieve a stable return by adding more alternative and smart-beta…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.