Korean NPC to give international bond managers $2 billion

However, it has yet to disburse money to its new international equity managers.

The $77 billion National Pension Corporation of South Korea is likely to outsource $2 billion to international fixed-income fund managers later this year, according to sources close to the organization.

This would mark its second foray overseas. At the beginning of the year it mandated a total of W500 billion $400 million for international equities to Capital International, Fidelity Investments, State Street Global Advisors and Wellington International Management.

NPC's new CIO, KJ Cho, joined...

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