Taiwan's BLI hands mandates to Pimco, Standish and Wellington

As the fund manager-vetting process continues at the Public Pension Service Fund of Taiwan, the Bureau of Labour Insurance (BLI) in late December announced three recipients of another batch of hotly contested overseas mandates. Following a request for proposals issued in October, the $6.5 billion fund for labour insurance has chosen US asset managers Pimco, Standish Mellon and Wellington to run its latest global fixed-income mandates. Each one is for $200 million and -- unusually for…