Taiwan pension fund seeks equities managers

The four state pension funds will release $1.5 billion to managers this year.

Jame DiBiasio

May 23, 2001

Taiwan’s four state pension funds are at last issuing requests for proposals to private fund managers for the domestic equity portions of their asset allocations. The Civil Servants Pension Fund, which is estimated to have $7 billion of assets under management, has just issued RFPs for mandates totalling NT$15 billion ($450 million). It intends to appoint managers by 1 July.

The other three – Labour Insurance Bureau, Labour Pension Fund and the Postal Savings System – are expected to follow suit over the next few months. For example, Fred Huang, deputy director-general at Labour Insurance Bureau, says his organization will release NT$10 billion to four-to-six domestic equities managers this year.

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