PSPFÆs criteria for new mandates raises eyebrows

Nov 26, 2009

TaiwanÆs Public Service Pension Fund is to outsource new global and Asia-Pacific equity portfolios, but the manager selection criteria may have an unintentional screening bias that overlooks the best performers.

Taiwan's Public Service Pension Fund (PSPF) is inviting fund managers to bid on its second batch of overseas mandates for this year. The mandates are set to outsource some $900 million worth of investments in global equities and Asia Pacific ex-Japan and ex-Taiwan equities.

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