Taiwan offshore pension mandate looms

The $5.5 billion Public Service Pension Fund, one of Taiwan's big four government pension schemes, is expected to announce its criteria and qualifications for global fund managers next month, with requests for proposals for $500 million of assets to go out in January, and mandate to be awarded by the end of February.The PSPF will be the first Taiwanese entity to provide an offshore mandate on a discretionary basis, and the first pension fund to invest abroad at all. It is being closel…