BLF invites bids for $3.94b of infra, multi-asset mandates

Taiwan’s Bureau of Labor Funds (BLF) kicked off a mooted plan to expand its externally managed alternative asset positions and replace some underwhelming existing managers on Monday (October 26), when it invited fund managers to pitch for multiple positions on two separate five-year overseas pools of assets worth a combined $3.94 billion. The first is a $1.64 billion global infrastructure securities mandate, which the state pension fund wants to assign four managers to operate. Ea…