Labour Pension Fund to outsource another $2 billion

TaiwanÆs Labour Pension Fund is outsourcing a fresh batch of mandates in global equity and global fixed income. The mandates are worth a total of $2 billion. The æOld SystemÆ and æNew SystemÆ are contributing $1 billion each as financial sponsors to the current round of bidding.Four mandates in enhanced global equity and another four in enhanced global fixed income are up for grabs this time. The equity mandates are sized at $200 million each. The fixed income mandates, meanwhile, are…