Offshore tender frenzy hits Taiwan pensions

TaiwanÆs Bureau of Labour Insurance (BLI), Labour Pension Fund (LPF) and Public Service Pension Fund (PSPF) are collectively offering $2.9 billion in mandates to foreign investment management companies over the course of 2007 û a bonanza for global investment managers, many of which are expected to pitch.The first social security mandates likely to be awarded are from TaiwanÆs NT$43.9 billion (US$1.33 billion) Labour Insurance Fund, which is run by the BLI to provide health, unemploym…