Korea Post issues fund-of-funds RFP
Korea Post's $27 billion insurance division is inviting local and global multi-strategy funds of hedge funds to bid for new mandates.
Korea Post’s insurance division has issued a request for proposal (RFP) seeking pitches from fund of hedge fund managers.
Both local and overseas funds of funds or financial institutions with a fund-of-fund offering are eligible for the mandate, although each applicant may submit a maximum of one fund. Managers in which Korea Post Insurance is already invested are not eligible, according to the RFP document.
The insurance division is only considering multi-strategy funds of fund…
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