The pension fund is asking managers to pitch for three fixed income mandates – its first in over four years – predominantly to invest in global investment grade corporate bonds.
Taiwan’s Public Service Pension Fund lists the managers who have failed to hit target returns, with chairman Chang Che-shen acknowledging the benchmarks may be too tough.
The Taiwanese civil servant pension fund is struggling in its search for products that it understands and that offer decent liquidity. Meanwhile, it is mulling adding a defined-contribution programme.
Taiwan's civil-servant pension fund unveils the four winners of its latest overseas mandates, worth an aggregate $900 million, and reports investment results for its latest quarter.
TaiwanÆs Public Service Pension Fund is to outsource new global and Asia-Pacific equity portfolios, but the manager selection criteria may have an unintentional screening bias that overlooks the best performers.
Prosecutors say senior staff at Taiwan's Public Service Pension Fund may have received kickbacks on fees, plotted to swing stock prices, and manipulated voting in government elections.