BLI to mandate $1 billion this year
The Taiwanese public pension fund will first seek out an investment consultant to help it select fund managers.
The $15 billion Bureau of Labour Insurance, one of TaiwanÆs big-four public institutional investors, plans to outsource up to $1 billion to global investment managers this year, says Hsu Yenshan, executive vice president, a former academic who has been responsible for asset management since last year.He joined the BLI just before it made its first foray offshore, when in October it mandated and funded $100 million each to Alliance Capital and Pimco for global fixed-income (benchmarked…
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