Taiwan’s BLF plans $4.4b in local and foreign mandates
The state pension fund particularly wants to raise its overall foreign investments but will slow its appointment of external managers following last year’s bribery scandal.
Taiwan’s state pension, the Bureau of Labor Funds (BLF), plans to invite bids for a domestic investment mandate worth at least NT40 billion ($1.42 billion) and possibly more than one offshore mandate worth up to $3 billion this year, according to Liu Li-ju, the pension fund’s deputy director-general.
“We are still waiting for the appropriate time to launch the $1.42 billion domestic mandate since the current valuation of the [Taiwan] stock market remains high, and we have yet to s…
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