Taiwan’s Private School Fund has announced a tender for a global investment consultant as the contract with its existing investment adviser Capital Investment Trust Corp comes to an end later this year.
Managers bidding on the mandate must be locally registered. They must also have at least ten locally approved funds including offshore funds with minimum NT$50 billion (US$1.54 billion) of total assets, the pension fund says in a request for proposals on July 9.
The winning bidder will be appointed for three years from January 1, 2025. It will be responsible for providing investment advisory and fund selection services for the pension fund’s member choice platform.
Applications are open until August 9.
The Private School Fund, a defined-contribution pension plan for 45,000 private school teachers and staff, had NT$93.7 billion of total assets as of April 2024.
The fund was the first in Taiwan to introduce a member choice platform back in 2013.
