LPF chairman rebuts criticism of target returns
Huang Chao-hsi, chairperson of Taiwan's Labor Pension Fund Supervisory Committee, responds to our article citing critics of the LPF's return targets.
![LPF chairman rebuts criticism of target returns](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fletter_shutterstock_43349515.jpg&c=1&h=677&q=100&v=20240501&w=1204)
Taiwan's Labor Pension Fund has rebutted arguments put forward by fund managers in a story by AsianInvestor.net, subsequently printed in our magazine, that criticised the LPF for "unrealistic" assumptions about returns it wants from third-party managers competing to win absolute-return mandates. Here we reprint a letter from the chairman of the LPF Supervisory Committee, Huang Chao-hsi. This letter has been edited for grammatical style.
Dear editor:
The report, Managers sa…
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