The $89 billion Bureau of Labour Funds has invited managers to run new global sovereign credit and equity index portfolios for three of its institutions, as it moves to diversify its assets.
The island's largest pension fund is inviting bids for four mandates amounting to $400 million for global real estate and global infrastructure securities.
The Labour Pension Fund is offering six equal absolute-return mandates, but its return targets and low fees are criticised.
The Labour Pension Fund is seeking locally incorporated managers to take on absolute return mandates to achieve a targeted 9% annual return. It sets a deadline of March 6.
The Labour Pension Fund is inviting managers to bid for six four-year mandates totalling $1 billion to invest at least 70% in domestic stocks. Applications close on February 20.
The Public Services Pension Fund picks the FTSE All-World Index as benchmark, while the Labour Pension Fund chooses two FTSE indices as they both look to diversify.