Taiwan's Labour Pension Fund awards $750 million in mandates

By all accounts, government institutions in Asia – traditionally a relatively conservative bunch – are becoming more adventurous in their investment strategies in a bid to boost returns to match growing liabilities. The latest investment mandates awarded by Taiwan’s Labour Pension Fund (LPF) seem to bear out this trend. After receiving bids in April, the $32.71 billion state entity has decided on the recipients of its first ever global emerging-market (GEM) equity mandates. Two US man…