Taiwan's Labour Pension Fund awards $750 million in mandates

Aug 11, 2010

Legg Mason's Esemplia, Morgan Stanley Investment Management and Vontobel will each run a $250 million global emerging-market portfolio, the state entity’s first GEM mandates.

By all accounts, government institutions in Asia – traditionally a relatively conservative bunch – are becoming more adventurous in their investment strategies in a bid to boost returns to match growing liabilities. The latest investment mandates awarded by Taiwan’s Labour Pension Fund (LPF) seem to bear out this trend.

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