Taiwan’s BLF to put US$2.4b into alternative assets
In yet another move by an Asian investor to diversify its portfolio and enhance returns through investment in alternative assets, Taiwan’s US$92 billion Bureau of Labour Funds issued RFPs in March for global real estate securities and infrastructure securities mandates for the organisations it oversees.
According to its website, the BLF seeks to invest a total of US$600 million for its global real estate securities portfolio. On behalf of the Labour Insurance Fund, the BLF expects to invest an estimated US$400 million, with US$200 million each to be committed to two managers. On behalf of the National Pension Insurance Fund, the BLF expects to invest an estimated US$200 million, with US$100 million each to be allocated to two managers.
For its global infrastructure securities portfolio, the BLF has mandates totalling US$1.8 billion. On behalf of the Labour Pension Fund (New Scheme), the BLF expects to invest an estimated US$1.4 billion, with US$350 million each to be