Two US Hedge Fund Managers Picked for South Korean Pensions

July 12, 2016 Debbie Jacobs Hedge Fund News

The National Pension Service of South Korea, the third-largest pension fund in the world, chose to US-based funds to invest their money. The funds are BlackRock Inc and Grosvenor Capital Management, to manage investments in funds of hedge funds this year.

NPS will give each firm as much as $500 million, according to the pensions fund’s investment management office.

“The upcoming hedge fund investment is expected to contribute to the generation of stable profits by diversifying risk for the fund’s entire portfolio,” NPS Chief Investment Officer Kang Myoun-wook said.

The NPS is valued at about $415 billion in AUM as of December, 2015.

BlackRock Inc, Grosvenor Capital Management, The National Pension Service of South Korea,

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