Key Takeaways
- • South Korea's Public Officials Benefit Association (POBA) is seeking up to five asset managers for domestic and overseas hedge fund mandates totaling about $150 million.
- • Domestic allocations will target equity-focused hedge fund strategies.
- • Overseas exposure will be built through fund-of-funds investments.
Summary
South Korea's Public Officials Benefit Association (POBA) is seeking up to five asset managers for hedge fund mandates totaling about $150 million, according to an Opalesque Alternative Market Briefing report. The mandates are split between domestic and overseas exposure. Domestic allocations will target equity-focused strategies, while overseas exposure will be built through fund-of-funds investments rather than direct manager selection.
For hedge fund managers and alternative investment firms, the mandate offers an opportunity to compete for institutional capital from a Korean public-sector benefit fund. The source does not specify the size of individual allocations, the selection timeline, or the evaluation criteria.
For hedge fund managers and alternative investment firms, the mandate offers an opportunity to compete for institutional capital from a Korean public-sector benefit fund. The source does not specify the size of individual allocations, the selection timeline, or the evaluation criteria.
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