| Taiwan’s finance minister has proposed consolidating four state-run pension funds into a new $240 billion sovereign wealth fund, although fund managers appear pessimistic this will lead to more external mandates.
Chang Sheng-Ford submitted the plan last week to the economic planning and development council which advises the Executive Yuan, the government’s highest administrative body. If approved, it would catapult the fledgling entity into the world’s top 10 sovereign funds by assets, just behind the eighth-placed Government of Singapore Investment Corporation (GIC), which manages around $247 billion...............................................Full Article: Source
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