Taiwan’s BLF plans new infra, multi-asset mandates
The state pension fund aims to invite bids for the two mandates by the end of the year to raise its alt exposure and replace underperforming managers, AsianInvestor can reveal.
Taiwan’s Bureau of Labor Funds (BLF) is looking to issue request for proposals for two global investment mandates on infrastructure and multi-asset before the end of this year, with the intention of appointing five fund managers to each mandate, deputy director general Liu Li-ju told AsianInvestor.
The new mandates reflect in part a desire by the pension fund to gain some new partners, after a number of existing fund managers failed to meet the set benchmark returns for outstandi…
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