BLF invites bids for $3.94b of infra, multi-asset mandates
The Taiwanese state pension fund is inviting fund houses to submit proposals for two major five-year global mandates, as it looks to raise alternatives and rotate out poor performers.
Taiwan’s Bureau of Labor Funds (BLF) kicked off a mooted plan to expand its externally managed alternative asset positions and replace some underwhelming existing managers on Monday (October 26), when it invited fund managers to pitch for multiple positions on two separate five-year overseas pools of assets worth a combined $3.94 billion.
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