PSPF seeks domestic managers for $854 million

Having freshly emerged from corruption charges, Taiwan's Public Service Pension Fund (PSPF) has its hands full. The fund is intent on showing the world it will follow proper procedures, for fear of tripping over more live wires that will set the island's prosecutors off on another round of allegations. As previously reported by AsianInvestor, Chu Wu Hsien, a former chairman of the management board of the PSPF and minister of civil service between 2004 and 2008, was detained by prosecutors in Taiwan last month on suspicion of wrongdoing in office.