Nonghyup hires Pimco and Wamco
The $109 billion Korean institution is also targeting openings in overseas private equity via KKR.
South KoreaÆs National Agricultural Cooperative Federation, known colloquially as Nonghyup, has for the first time signed up foreign fund managers to run segregated accounts, and is in the process of seeding their mandates, says Park Jeong-hee, head of investments and securitisation at the groupÆs investment banking department.
The W100 trillion $109 billion institution has agreed to allocate $100 million to a global fixed-income account managed by Pimco. It is in similar negotiations with Western Asset Management Wamco, although the...
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