Bailey McCann, Opalesque New York:
The savings arm of the Korea Post has issued a new RFP seeking fund of hedge fund managers. The announcement follows a similar RFP issued in July for Korea Post Insurance, which closed on August 9. The Korea Post Savings request will close on September 14, 2013. In addition to the RFP, Korea Post has also released an initial questionnaire to guide funds through their proposal process.
Within the scope of services, Korea Post is looking for bespoke portfolios for Korea Post Savings, as well as custom deal sourcing. They are also looking for managers who have experience with managed account platforms and separately managed accounts. Other items of note include an interest in negotiating fees, suggesting that the firm is following other institutions, and attempting to lower fees. Opalesque previously reported on the growing diversification in fee structures as institutions and other large investors negotiate seeking better alignment of interest.
Additionally, Korea Post is seeking managers with the ability to condu......................
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