NPC readies new mandates
The Korean investor will ask fund managers to bid for equity and bond mandates; meanwhile it funds global private equity allocations.
The National Pension Corporation, South KoreaÆs W133 trillion $138 billion government pension fund, is preparing to send out requests for proposals to external fund managers for four new mandates.
In addition, the NPC has recently filled two private-equity mandates, marking its first foray into this asset class internationally. It is looking for further opportunities in global private equity.
The NPC has conducted two rounds of international outsourcing to traditional fund managers. In 2003, it made its first foray overseas, mandating...
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