Korea Post Insurance, Seoul, is searching for managers of emerging sovereign hard currency bond funds, said an RFP posted on Korea Post's website Wednesday.
Eligible funds, benchmarked against the J.P. Morgan EMBI global diversified index, must have minimum assets under management of $1 billion and track records of at least three years. Managers of those funds must have at least $5 billion in fixed-income AUM.
Proposals are due at 6 p.m. Seoul time on June 15. Final selections will be made in July.
The RFP, posted on the asset owner's Korean language website, includes attachments in English.
The RFP contacts — Sang-uk Lee, of Korea Post's insurance asset management bureau, and Jae-il Lee, of Mirae Asset Global Investments — couldn't immediately be reached for details regarding how many managers Korea Post Insurance is looking to hire or the size of the proposed mandates. The asset size of Korea Post Insurance could not be learned by press time.