Labour Pension Fund awards $1.5 billion of overseas mandates

TaiwanÆs Labour Pension Fund has awarded four fund management companies mandates to run its global equities and global fixed-income portfolios. Each equity or fixed income mandate is sized at $250 million.A total sum of $1.5 billion has been outsourced in this first round of bidding under the fund's New System.Templeton and AllianceBerstein have scored big wins, each scoring both the equity and fixed income mandates. Those mandates are good for four years, with an option to renew.Gold…