Taiwan’s Bureau of Labor Insurance is seeking five fund managers to manage a domestic portfolio with a wide range of permitted asset classes.
The Bureau of Labor Insurance names MFS, BlackRock and Amundi to manage $200 million each. They were selected on the strength of their developed market expertise.
Taiwan’s Bureau of Labour Insurance has narrowed its search for a $600 million mandate to eight fund houses, say sources. It will be its first mandate in nearly five years.
Taiwan's Bureau of Labor Insurance issues its largest ever batch of global equity mandates, which will boost its overseas equity investments by almost a third.
The Bureau of Labour Insurance continues to outsource its overseas investments with three new mandates totalling $600 million.
The Bureau of Labour Insurance resets the way it approaches investments in order to resolve its current crisis in funding gaps and cashflow issues.