Taiwan's largest pension is taking a conservative approach in the current Covid climate, announcing fewer new mandates and potentially delaying renewals to maturing ones.
The state pension fund particularly wants to raise its overall foreign investments but will slow its appointment of external managers following last year’s bribery scandal.
The Taiwanese pension manager's investment return rate has dwindled this year, so it is calling for AI-driven asset managers to help it expand its overseas assets exposure.
The Taiwanese state pension fund is inviting fund houses to submit proposals for two major five-year global mandates, as it looks to raise alternatives and rotate out poor performers.
The $124 billion Taiwanese state pension fund plans to ramp up its exposures in Europe and Japan on the back of a set of encouraging signs of reform in both regions.
The $125 billion state fund is seeking managers for 15 mandates for its first overseas absolute-return equity portfolios, as it seeks to counter expected volatility in global markets.
The $126 billion state pension fund will hand out the new overseas-focused mandate in mid-November, amid rising volatility in global markets.
The Bureau of Labor Funds is not satisfied with BNY Mellon's performance on behalf of the National Pension Insurance Fund's overseas portfolio, says a source familiar with the matter.
Huang Chao-hsi, who left Taiwan's Bureau of Labor Funds on January 13, wants to see its foreign allocation limits removed and more money available for hiring investment staff.
The Bureau of Labor Funds has invited bids for $2.4 billion in domestic mandates, while the Public Service Pension Fund has handed $600 million to three foreign asset managers.
The country’s asset owners aim to increase their foreign exposure this year. In particular they are looking to buy US equity and investment-grade debt on price dips, say fund managers.
Huang Chao-hsi will step down from the $106 billion state pension fund on January 16; his successor has not been announced yet.