Searches and Hires

South Korea pension fund launches hedge fund-of-funds search

South Korea's 11.1 trillion won ($10 billion) Public Officials Benefit Association, Seoul, is searching for hedge fund-of-funds managers to oversee $100 million in customized portfolios.

Managers with hedge fund-of-funds businesses for 10 years or more, with a minimum assets under management — in commingled funds, advisory mandates or separately managed accounts — of $10 billion or more, can access the RFP on POBA's website.

Proposals are due at 5 p.m., Seoul time on Sept. 14. On-site due diligence of managers is expected in October.

Further information on the plan's hedge fund portfolio could not be learned.