LPF puts up US$400 million worth of mandates for tender

10 December 2013   Category: News, Asia, Taiwan   By Asia Asset Management

Taiwan’s Labor Pension Fund Supervisory Committee (LPFSC) announced on December 9 that the defined benefit old scheme of the Labor Pension Fund (LPF) has put up mandates for global real estate securities and global infrastructure securities for tender.

The committee said that LPF would outsource the global real estate securities’ mandate to two asset managers. Each will receive a quota of US$100 million. Likewise, it will dish out $100 million quota each to the two selected asset managers for the global infrastructure securities’ mandate.

The term of the investment management for the two mandates is five years. The market value of the applicant managers’ global institutional investor clients’ AUM should be no less than $5 billion as of September 30. The mandates will be opened up for applications between December 9, 2013, and January 21, 2014.