Taiwan's BLI issues $600 million global equity RFP

Taiwan’s Bureau of Labor Insurance (BLI) is seeking three firms to manage overseas equity portfolios. The mandate, for a total of $600 million, is expected to be invested mainly in developed-market equities and will boost the institution’s overseas equity portfolio by almost a third. The move reflects a rising trend by large Taiwanese state institutions, such as the Public Service Pension Fund and Labour Pension Fund, to boost their offshore equity exposure. BLI will appoint thr…