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BLF invites bids for $6bn in ESG and absolute-return mandates

Taiwan's Bureau of Labor Funds will hand out 32 global portfolios on behalf of its sub-entities – 16 for ESG equity and 16 for absolute-return fixed income.
BLF invites bids for $6bn in ESG and absolute-return mandates
Taiwan’s Bureau of Labor Funds (BLF) invited bids today for two five-year overseas investment mandates worth a total of $6 billion: its first for environmental, social and governance (ESG) and absolute-return fixed income portfolios. The NT$3.5 trillion ($110 billion) state pension manager is awarding the portfolios on behalf of four of its sub-funds – the Labor Pension Fund (LPF), Labor Retirement Fund (LRF), Labor Insurance Fund (LIF) and National Pension Insurance Fund (NPIF). …
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