Searches and Hires

Taiwan Public Service Pension Fund seeks bond managers to run $800 million

Taiwan's NT$578.5 billion ($19.2 billion) Public Service Pension Fund is looking to hire four bond managers to manage $200 million each in total return fixed-income strategies, a PSPF spokeswoman confirmed.

The Taipei-based fund will award five-year mandates, with annualized target returns of 2.5 percentage points in excess of the yield on U.S. 3-month Treasuries.

The deadline for mailing RFP application materials is 5 p.m. Taipei time on Nov. 17. The RFP is available on the Chinese version of the pension fund's website.