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Taiwan pension funds tender $2bn

Taiwan's Labour Pension Fund Supervisory Committee, which oversees the country's two labour pension funds, is looking to outsource $2bn (€1.3bn) in global equities and fixed income to external asset managers in its second overseas tender this year.

According to official tender notices issued today and yesterday, the LPSC has put out to tender the same mandates for both funds. It is looking to appoint two managers for enhanced global equity mandates worth a total of $400m and two managers for enhanced global fixed income mandates worth a total of $600m for each of the two pension funds.

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