Taiwan Labor Pension Fund, Taipei, is searching for seven managers to run a combined $2.7 billion for its two pension funds, the $43.6 billion fund announced Wednesday on its website.
The labor fund's $24.9 billion New Fund, one of two plans in the overall pension fund, is searching for four managers to run $300 million each in active global emerging markets debt. Managers should outperform a custom benchmark by 150 basis points per year, net of fees and taxes, on a rolling three-year basis.
The new fund is also searching for two passive managers to run $500 million each tracking the MSCI World Minimum Volatility and MSCI Emerging Markets ex-Taiwan Minimum Volatility indexes. Fund officials will set allocations to each benchmark.
The labor fund's $18.7 billion Old Fund is also searching for one passive manager to run $500 million in a similar way.
The RFPs are available on the fund's website. All proposals are due March 30.
Michael Chen, vice president and head of foreign mandates, could not be reached for additional information.
