NPS to put €250 mn in Macquarie Europe fund; drops Nice airport stake buy plan

South Korea’s National Pension Service (NPS) has decided to commit €250 million to Macquarie European Infrastructure Fund 5 (MEIF5) that is aiming to ...

Korea military fund to put €40 mn into Macquarie’s Europe infrastructure fund

South Korea’s Military Mutual Aid Association (MMAA) will invest €40 million in Macquarie European Infrastructure Fund 5 (MEIF5) that is aiming to rai...

US govt building-lease funds lure Korean investors

ING Life Insurance, fisheries cooperatives and a college fund in South Korea will put a total of $80 million into a fund run by USAA Real Estate Compa...

Cerberus’ new Europe property fund may attract over $370 mn from Korean investors

National Pension Service (NPS), Korea Investment Corporation (KIC) and a South Korean insurer are considering putting a combined $370 million into a r...

Korean public officials’ fund picks mezzanine fund firms in closed bids

South Korea’s Public Officials Benefit Association (POBA) has preliminarily chosen three U.S.-based asset management firms of mezzanine funds in limit...

Korea civil servants’ pension fund picks local firms for global stock, bond mandates

South Korea’s Government Employees Pension Service (GEPS) has selected Daishin Asset Management and Shinhan BNP Paribas Asset Management as general pa...

NPS seeks higher pay raise for in-house fund managers ahead of office relocation

The National Pension Service (NPS) is pushing forward a plan to raise the basic pay for in-house fund management staff by about 9% on average in 2016,...

Korea’s public pension funds to explore joint overseas, alternative investment – fin ministry

South Korea’s public pension funds, including the National Pension Service (NPS) and pension schemes for government officials and military personnel, ...

Korean public officials’ fund to commit A$60 mn to Macquarie infrastructure fund

The Public Officials Benefit Association (POBA) of South Korea has decided to commit 60 million Australian dollars to a Macquarie infrastructure fund ...

[RFP] Korea fund for small firm owners solicits bids for $88 mn equity mandates

The Yellow Umbrella Mutual Aid is looking for stock management firms to invest a total of about 100 billion won ($88 million) and pick up to four fund...

What makes Korean asset owners hesitate to invest in hedge funds?

The National Pension Service (NPS) has kicked off its first investment in hedge funds by choosing two fund of funds managers to entrust a total of $1 ...

Korea pension funds seek damages from Daewoo Shipbuilding’s books rigging

The Government Employees Pension Service (GEPS) and the Teachers’ Pension have brought a joint action against Daewoo Shipbuilding for $19 mill...

KIC sees regulation change to qualify KIC, Korean pension funds managers for CIO job

Korea Investment Corporation (KIC) has recently asked the finance ministry to revise part of regulations governing the sovereign wealth fund in order ...

Knowledge transfer was key factor of NPS’ $1 bn fund of fund GP selection – sources

The National Pension Service (NPS) put top priority on “knowledge transfer,” along with the performance of funds when it picked BlackRock Financial Ma...

BlackRock, Grosvenor picked as NPS’ fund of hedge fund managers

The National Pension Service (NPS) finally selected BlackRock Alternative Advisors and Grosvenor Capital Management on July 11 as the general partners...

NPS to put $440 mn in Blackstone’s $5 bn core fund

The National Pension Service (NPS) of South Korea will commit 500 billion won ($436 million) to a $5 billion private equity fund that Blackstone Group...

[RFP] Korea's govt pension seeks $100 mn offshore mezzanine fund managers

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 6 that it would select two global private debt fund managers f...

[Editor's Note] Korea funds warm up to private debts

Private debt products such as senior secured loans, collateralized loan obligation and mezzanine debt in the U.S. and European markets have become one...

[RFP] Korea’s GEPS seeks $170 mn fund of funds managers of global stocks, bonds

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 1 to invite bids for a 100 billion won ($87 million) mandate f...

[RFP] Korea police fund invites bids for $87 mn blind fund mandates

The Police Mutual Aid Association (PMAA) of South Korea issued requests for proposals on July 1 for 100 billion won ($87 million) mandates that it wou...

NPS’ 2015 return beats key foreign pension funds; to take passive equities strategy

The National Pension Service’s (NPS) investment return dipped to 4.57% in 2015, but its performance outstripped those of other top five pension funds ...

Korean firms to raise $350 mn mezzanine fund for 10 Hudson Yards NYC - report

Two South Korean asset management firms will start to raise about 400 billion won ($346 million) in a mezzanine fund from this week to invest in 10 Hu...

[Interview] Korea savings funds see UK asset price drop after Brexit, awaiting buy timing

South Korea’s key savings funds have decided to put on hold investments in Europe shortly after the Brexit vote on the prospect of a further decline i...

Korea pension funds show mixed reaction to Brexit decision – report

A savings fund in South Korea is studying raising its exposure to European equities, stocks and infrastructure assets after the Brexit decision, where...

Korea funds seek investment experts from outside; CIOs chair review committees

The Public Officials Benefit Association (POBA) has replaced the head of its investment review committee recently with the Chief Investment Officer Do...

Major Korean savings funds cut interest rates on contributions to 3% level from 4%

The Police Mutual Aid Association (PMAA) has become the latest savings fund in South Korea in shaving the interest rate applied to long-term contribut...

Korea police fund to invest $87 mn in blind funds

The Police Mutual Aid Association of South Korea will post a public notice of a request for proposals this week to commit 100 billion won ($87 million...

Korea construction workers’ fund may allot $170 mn to alternatives in 2016

The Construction Workers Mutual Aid Association (CWMA) in South Korea is looking to overseas alternative assets to invest as much as 200 billion won (...

Brookfield’s infrastructure fund attracts $700 mn from major Korean investors - report

Asset management firm Brookfield has raised a combined $700 million from major South Korean institutional investors, including the Teachers’ Pension, ...

Mirae Asset-led funds on buying spree of overseas property, including Amazon HQ building in Seattle

A consortium of South Korean institutional investors, led by Mirae Asset Global Investments, has recently closed a deal worth about $245 million to bu...