BLI to mandate $1 billion this year

The Taiwanese public pension fund will first seek out an investment consultant to help it select fund managers.

The $15 billion Bureau of Labour Insurance, one of TaiwanÆs big-four public institutional investors, plans to outsource up to $1 billion to global investment managers this year, says Hsu Yenshan, executive vice president, a former academic who has been responsible for asset management since last year.

He joined the BLI just before it made its first foray offshore, when in October it mandated and funded $100 million each to Alliance Capital and Pimco for global fixed-income benchmarked against the Lehman...

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