Taiwan’s LPF issues first equity mandates of 2012

Taiwan’s Labour Pension Fund (LPF) is inviting locally incorporated asset managers to bid for its first batch of domestic equity mandates this year totalling NT$30 billion ($1 billion). The mandates will be shared among six managers, four of which will be picked to run a combined NT$20 billion under Taiwan’s new pension fund system and two to run NT$10 billion under the old system. The management fee payable to the selected managers is 0.07%, which could go up to 0.1% if the man…