TaiwanÆs BLI grants $865 million in offshore mandates

TaiwanÆs $13.5 billion Bureau of Labour Insurance has granted mandates worth a total of $865 million to six fund houses, out of 76 fund houses that participated in its latest tender. This increases the bureauÆs total outsourced capital from $400 million to $1.62 billion since it made its first overseas foray in 2005. The latest batchÆs capital allocation is based on geography and asset classes.State Street Global Advisors and Vanguard Investments won the biggest mandates, with each sh…