Taiwan's BLF to issue $2.4bn in alternative mandates
The $92 billion Bureau of Labour Funds has invited fund managers to submit proposals for global real estate and infrastructure mandates, in a move to boost alternatives to 6% of its portfolio.
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Taiwan’s Bureau of Labour Funds (BLF) is seeking managers for a total of $2.4 billion in global alternative asset strategies across 12 segregated mandates – four for real estate securities and eight for infrastructure securities.
The state institution is continuing to diversify away from traditional assets, having allocated 2.9% of its NT$2.89 trillion ($92 billion) portfolio to alternatives at the end of 2014. It now aims to double such exposure to 6% this year.
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