Korea Teachers awards W300 billion mandate to Goldman
Goldman Sachs Asset Management will focus on improving the Korea Teachers Pension FundsÆ risk-return profile as it ventures into equities markets overseas for the first time.
The Korea Teachers Pension Fund (KTPF) and Goldman Sachs Asset Management (GSAM) have finalised an agreement for a strategic partnership, which involves the fund house managing W300 billion ($292 million) in assets until 2011.GSAM is KTPFÆs first strategic partner for overseas investments, with both parties having signed a memorandum of understanding to pursue this partnership in February. KTPF already has a second overseas strategic partnership with ING Investment Management û having…
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