Taiwan’s BLI announces gains
28 August 2012
News, Asia, Taiwan
By Hui Ching-hoo
Taiwan’s Bureau of Labor Insurance (BLI) announced on Monday (August 27) that its external asset managers for the Labor Insurance Fund (LIF), including Pimco, Alliance Bernstein, and Wellington, delivered an accumulated return of 22.1% since being appointed in November 2009. This took the fund’s value to US$427.36 million by the end of July.
The LIF granted an additional quota of $79.2 million for Wellington’s global equity mandate in 2010 July. Wellington has recorded an accumulated return of 29.02% to $102.38 million.
In 2011 February, the pension fund awarded another $100 million to Alliance Bernstein’s global equity mandate. The fund has since risen 9.73% to $109.7 million.
The BLI had total AUM of NT$523.88 billion (US$17.4 billion) as of the end of July. Among which, 42.2% was allocated to overseas markets.
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