NPC in third round of funds outsourcing

The Korean institution has also tapped more international private-equity funds.

South KoreaƆs W160 trillion $171 billion National Pension Corporation is at the final stages of picking a third tranche of international fund managers, according to sources familiar with the organisation.

The NPC intends to award seven new mandates in mid-May. Five of these are in equities, including core active and satellite strategies, and will average $100 million each. The two global fixed-income mandates are said to be larger.

Both Mercer Investment Consulting and Watson Wyatt have assisted the NPC draw...

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