The Bureau of Labor Funds, Taipei, is searching for managers to run $2 billion in global passive equities.
Of this, $1.6 billion will be shared equally among four managers for the Labor Pension Fund, and the remaining $400 million will be managed on behalf of the National Pensions Insurance fund, also divided equally among four managers.
The bureau oversees eight pension and annuity funds that in total had 5.5 trillion New Taiwan dollars ($179 billion) in assets as of Dec. 31.
Applicants must have a track record of at least three years and have at least $5 billion in global assets under management as of Dec. 31. They must also have a branch institution, operation venue or service team within the territory of Taiwan.
Contracts will run for a five-year term.
Application guidelines can be downloaded on the BLF website and submissions must be delivered by June 12, at 5 p.m. Taipei Standard Time.
BLF could not be contacted for further information about whether this is a new allocation or renewing of contracts, and if incumbents may bid again.
