Korea Post Savings is searching for global aggregate bond managers.
An RFP posted Monday on the Sejong-based investor's website said Korea Post is looking for four managers to manage $100 million or more in global aggregate bond strategies, dollar hedged and benchmarked against the Bloomberg Barclays Global Aggregate Bond index.
In a separate excel attachment, Korea Post asked interested managers to promise a "single fee figure assuming at least $100 million or more is invested," while noting the figure is "hypothetical," and that details — including the size of the mandate, the type of investment vehicle and the fee schedule — will be discussed at a later stage in the selection process.
Korea Post Savings has more than $50 billion in assets.
The deadline for proposals is 6 p.m. Seoul time Oct. 12. The RFP said final selections will be made by November.
The RFP can be accessed on the Korea Post's Korean language website.