TaiwanÆs PSPF readies $500 million in mandates

Taiwan's Public Service Pension Fund (PSPF), an arm of the Ministry of Civil Service, is about to issue requests for proposals (RFPs) to international fund managers and custodian banks. PSPF executives expect to implement the mandates by mid-December, making the PSPF the first Taiwanese pension fund to invest overseas. The move has been long anticipated but was delayed in the wake of Sars and the American invasion of Iraq. But the internal paperwork necessary to move forward was signed off this week.