The Public Officials Benefit Association, Seoul, is looking to hire a manager to invest a separately managed account of $100 million in overseas listed real estate investment trusts, including stocks related to real estate companies.
POBA is a 15.7 trillion won ($14.2 billion) organization promoting the financial well-being of local government officials.
Interested managers should submit proposals by 4 p.m. Seoul time Dec. 23. A preliminary quantitative screening will be conducted Dec. 29, followed by qualitative evaluations Jan. 20 and a final selection by the end of January.
The necessary forms and other information can be obtained from Shin Kyung-sun, manager, at 81-2-3781-2844 or [email protected]; Seohwan Jeong, manager, at 81-2-3781-0919 or [email protected]; or Kim Yu-Hwan, employee, at 81-2-3781-0921 or [email protected].
The separately managed account, to be awarded for roughly 10 years, will offer a performance fee, allowing a manager who beats the benchmark by more than 8 percentage points to retain 15% of that excess return.
