Taiwan's Bureau of Labor Funds said it will seek managers for a $2.3 billion global climate change equity foreign investment mandate.
The Taipei-based asset owner, which oversees eight pension and insurance funds with combined assets of about $217 billion, said in an announcement that details will be announced during the first quarter of 2022 and selections made by mid-year.
The BLF said it expects its program — the "first of its kind" among Asian pension funds to be benchmarked with Paris-aligned climate indexes — to provide momentum for institutional flows emphasizing environmental sustainability.
A fund spokesman didn't immediately respond to queries regarding how many managers the BLF is looking to hire.
