PSPF puts up two global mandates for tender
09 December 2013
News, Asia, Global, Taiwan
By Asia Asset Management
Taiwan’s Public Service Pension Fund (PSPF) is looking to appoint four external asset managers to oversee its newly released mandates: a global minimum volatility indexed equity (ex-Taiwan) mandate and a global high yield enhanced equity (ex-Taiwan) mandate.
The PSPF said on its website that the combined size of the mandates is US$1 billion ($500 million each). The pension fund is looking for two managers for each mandate, each receiving a quota of $250 million.
According to the application requirement, eligible asset managers must have been registered in Taiwan for more than three years and have total AUM of more than $5 billion. The applicants’ previous three year track records should outperform the benchmark MSCI ACWI Minimum Volatility Index – Total Return, Net Dividends Reinvested, Unhedged, and the MSCI High Dividend Yield Index – Total Return, Net Dividend Reinvested, Unhedged.
The mandates will be opened for applications between December 2 and December 27.
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