Taiwan's LPF issues first emerging-market RFPs

Having chosen Towers Watson as its investment consultant, Taiwan's Labour Pension Fund is opening its first tender for global emerging-market (GEM) equities this week.   Three $250 million mandates are up for grabs. Managers who can demonstrate no less than three years of track record in GEM equity investing are invited to submit bids by the afternoon of April 28. The long-anticipated GEM mandates are great news for managers. They come as the LPF works to reduce its cash-heavy positio…