Korea Post Savings is looking to hire one or two offshore managers of global tactical asset allocation strategies, said a spokesman for Korea Investment Management, an adviser for the $60 billion Seoul-based fund.
The spokesman said information isn't available regarding the size of the potential allocations, which would be Korea Post Savings' first offshore GTAA allocations.
Korea Post's request for proposals said interested managers should have a minimum of $10 billion in GTAA assets, and total firm assets under management of at least $200 billion. The firm must be at least 10 years old, and the GTAA strategy must have a track record of at least seven years.
Information on the RFP can be obtained by e-mailing Hwang Jun-Yeon, manager with KIM, at [email protected]. Proposals are due by 5 p.m. Seoul time Oct. 14.