Taiwan's BLF bets on global equities with $2b mandate

Taiwan’s Bureau of Labor Funds (BLF) is seeking bids for its global passive equity mandate -- its first this year -- as it bets on the recovery of global equity markets.  It plans to allocate a total of $2 billion to managers for a five-year term, dividing $1.6 billion among four selected managers for Labor Pension Fund at $400 million each. Another $400 million will be mandated to four managers for the National Pension Insurance Fund, with $100 million for each manager. It wi…