BLF aims to raise offshore assets to 60% by 2025

Burned by an alarming drop in its investment returns this year, Taiwan's largest pension manager decided on some major new steps to rectify the issue. A key one: dismiss disappointing fund partners and hire new ones to help raise its overseas asset exposure from 52% to 60% over the coming five years.  And as part of this, it is keen to work with fund houses with strong artificial intelligence capabilities. The Bureau of Labor Funds (BLF) reported that its investment retur…