Taiwan’s Labor Fund to invest S2.3bn in foreign climate-linked strategies

Taiwan’s Taipei-based Bureau of Labor Fund (BLF) is in the market for up to 10 active managers for debut investments aggregating up to S$2.3 billion ($1.68 billion) in climate-linked investment strategies. The mandates will represent BLF's inaugural overseas discretionary investments.

BLF, a government agency established by Taiwan's Ministry of Labor to manage the planning and utilization of various labor funds, currently has about $198 billion in assets under management. The agency was created following the 2014 merger of the nation’s Labor Pension Fund Supervisory Committee and the Bureau . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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