The Korea Post, the national postal service in South Korea, started a search recently for hedge fund managers to run two strategies and handle as much as $40 million each as it looks to diversify its portfolio. Each allocation will range in size from $20 million to $40 million, and the Korea Post noted that it is willing to split the allocations or allocate to a single firm running the two strategies.
The Korea Post is looking for equity long-short strategies and event-driven strategies for the two mandates. According to Asia First, hedge fund managers “must have more than $2 billion in AUM to apply,” and that managers that Korea Post already invests with will not be eligible.
Read more about this hedge fund search online from Asia First.