Korea Post denies bond mandate decision

Senior sources at Korea Post Savings Fund, with $52 billion of assets under management, say that recent media reports regarding a decision on outstanding bond mandates are wrong. These reports claimed the fund had selected a winner from among three finalists to manage a trio of $100 million mandates in global fixed income, including emerging-market debt and investment-grade credit. But fund officials assure AsianInvestor that a decision had not yet been made. The announcement is…