Searches and Hires

Taiwan’s PSPF set to award total return bond allocations to 4 foreign managers

Taiwan's $20 billion Public Service Pension Fund selected Amundi Asset Management, American Century Investments, Deutsche Asset Management and TCW Group to manage $200 million each in total return fixed-income strategies, according to sources who declined to be identified.

A PSPF spokeswoman in Taipei declined comment.

Spokesmen for the four managers either declined comment or couldn't immediately be reached.

The PSPF issued an RFP for firms offering total return bond strategies in late October. A formal announcement of the selections could be made over the coming week.