The company, which used to be state-owned, is following in the footsteps of public pension funds in Taiwan by experimenting with overseas institutional mandates, in this case for its corporate war chest.
It only handed out a single $100 million, global-balanced mandate, said to be on an absolute-return basis. Only fund houses with an onshore presence were invited to bid for the business reportedly there were six others competing for it.
The public pension funds in Taiwan have also become keen on absolute-return mandates the Bureau of Labour Insurance attempted such an outsourcing...
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