BLF invites bids for $1.4bn absolute-return portfolio
The state pension fund is inviting fund houses to bid for a broadly-defined domestic mandate that is targeting an initial investment return of just under 6%.
The Bureau of Labor Funds is inviting bids for a five-year domestic investment mandate of up to NT$42 billion ($1.4 billion), which pursues a strategy that aims to counter volatility in Taiwan’s stock market.
The NT$3.93 trillion ($127 billion) state pension manager announced the invitation on September 28. It did so on behalf of the NT$2.13 trillion Labor Pension Fund, the largest among the six funds BLF manages to meet Taiwan’s retirement and labour compensation needs in Taiwan.…
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