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[RFP] Korea Post to select two Europe equity fund houses in July

May 29, 2017 (Gmt+09:00)

Korea Post’s insurance unit is looking for two active-type Europe stock investment houses for a two-year investment period, according to its request for proposal issued on May 29.


The state-run agency will receive applications for the mandates by 6 p.m., June 7 (Seoul time) and finalize its selection on July 12.


Qualified fund managers must have at least three-year track records of active Europe equity funds as of end-December 2016, and the fund must have a minimum $500 million in AUM.


Selected fund houses will be required to set up managed accounts with Korea Investment Management Co. Ltd., a global equity investment advisor of Korea Post.


Korea Post did not disclose the allocation for the mandates.


Yeonhee Kim edited this article

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