Taiwan fund awards first foreign mandates

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TAIWAN -Taiwan's US$15bn Bureau of Labour Insurance (BLI), a state-owned pension fund, has awarded its first four international investment mandates worth $400m covering global fixed income and global equities.

Plans to award a further two mandates were scuppered after the BLI wanted to pursue an absolute return strategy, but this meant relaxing restrictions on the use of derivatives as underlying investm...

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