The Bureau of Labor Insurance has finished the selection and fee negotiation process for the open tender project of “2012 Overseas Discretionary Investment of Labor Insurance Fund”. Three selected managers are as following:
- Stone Harbor Investment Partners
- BlueBay Asset Management LLP
- Templeton Asset Management, Ltd.
This is the global emerging market debt mandate. Total delegated amount is US$ 450 million dollars with three selected managers, where US$ 150 million dollars for each one. The term of the contracts is 5 years. The benchmark is JPMorgan GBI-EM Global Diversified, Investment Grade Index.