Taiwan's BLF plans new absolute-return equity mandate

Taiwan’s Bureau of Labor Funds (BLF) will issue a new type of overseas investment mandate—an absolute-return equity portfolio—next month, as the NT$3.8 trillion ($126 billion) state pension fund anticipates greater volatility in global equity markets and seeks to assure returns in this environment, AsianInvestor can reveal. The rationale behind the new mandate is that global equity markets have risen “considerably” during the long post-crisis rally; though there might be some spac…