Taiwan's BLI seeks global fixed-income managers

The Bureau of Labour Insurance (BLI) in Taiwan is seeking three investment managers for its latest batch of mandates -- three $200 million global fixed-income portfolios. The recent craze for high-yield or corporate bond strategies will not apply in this case, as the portfolios will be benchmarked to the Barclays Capital Global Aggregate Index in US dollars on an unhedged basis. Maximum tracking error is set to 4% a year, and the annual performance target is 80 basis points above ben…