Taiwan's Bureau of Labor Funds is taking on more risk through its passive equity mandate as it banks on a rally in global equity markets.
The firm says a review of client investment priorities has led it to globalise its equities focus, hastening the departure of its Asian equities team.
The $5 billion Government Employees Pension Service is looking to allocate up to $200 million to three external managers this year as part of drive to revitalise returns.
The Japanese firm has added six active global equity specialists based in Edinburgh. They will liaise with the equity team in Asia and feed into its new global multi-asset capability.
Taiwan's Bureau of Labor Insurance issues its largest ever batch of global equity mandates, which will boost its overseas equity investments by almost a third.