BLF’s stricter rules on external managers may backfire
Taiwan’s state pension fund has pledged to regulate external managers more strictly after the bribery scandal, but the additional red tape could turn away some fund houses.
The increasingly stringent external investment mandate rules being introduced in response to the corruption scandal embroiling Taiwan's Bureau of Labor Funds (BLF) could crimp the breadth of its choice of domestic fund partners, but potentially to the benefit of their foreign rivals, say several industry executives.
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