Taiwan’s largest pension manager opened a bid for its first overseas ESG mandate back in late 2016, in order to diversify investment risk and create stable long-term returns. The strategy is now being tested during the market downturn.
Hong Kong officials plan roadshow to woo wealthy families in the Middle East and Europe to set up investment offices in the city; Japan's GPIF has hired its second overseas real estate manager; Singapore's GIC extends investments in Australian logistics; and more.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
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.