PSPF puts up two global mandates for tender

09 December 2013   Category: 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.