NPC mandates outsourcing candidates

But fees and licensing may hold up mandate implementation by KoreaÆs biggest institutional investor.

South Korea's National Pension Corporation, which manages the $75 billion national pension system, has mandated four fund management companies for its first international investment experience Capital International, Fidelity Investments, State Street Global Advisors and Wellington International Management.

The total international tranche is W500 billion, which divided among the four, means roughly $100 million to each firm. All are for active equity portfolios benchmarked to the MSCI World Index, except for SSGA's, which is passive and also a...

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