Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child

    Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
  2. 2

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser

    Trump picks ex-N. Korea policy official as his principal deputy national security adviser
  3. 3

    First snow to fall in Seoul on Wednesday

    First snow to fall in Seoul on Wednesday
  4. 4

    Wealthy parents ditch Korean passports to get kids into international school

    Wealthy parents ditch Korean passports to get kids into international school
  5. 5

    S. Korea not to attend Sado mine memorial: foreign ministry

    S. Korea not to attend Sado mine memorial: foreign ministry
  1. 6

    Man convicted after binge eating to avoid military service

    Man convicted after binge eating to avoid military service
  2. 7

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms

    Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
  3. 8

    [Weekender] Korea's traditional sauce culture gains global recognition

    [Weekender] Korea's traditional sauce culture gains global recognition
  4. 9

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'

    BLACKPINK's Rose stays at No. 3 on British Official Singles chart with 'APT.'
  5. 10

    Korea to hold own memorial for forced labor victims, boycotting Japan’s

    Korea to hold own memorial for forced labor victims, boycotting Japan’s
소아쌤

Police Mutual seeks asset managers to run blind fund

By Korea Herald

Published : June 21, 2016 - 13:53

    • Link copied

[THE INVESTOR] Korea’s Police Mutual Aid Association, the country’s state pension with total assets under management of approximately 2 trillion won (US$1.64 billion), will create a blind fund of 100 billion won, sources said on June 21. 

The PMAA will announce the launch of the private equity fund this week to pick six asset managers -- two of each PEF, venture capital firm and private debt fund. 
(Korea`s Police Mutual Aid Association) (Korea`s Police Mutual Aid Association)

The selected PEFs and PDFs will manage 20 billion won each and the remaining 20 billion won will be committed to two VCs. The offer for PDFs is open for foreign asset managers while other are limited to local players.

Established in 1989 to support retired policemen and their families, the PMAA invests in stocks (5 percent), bonds (45 percent), real estate (30 percent), and other alternative investment projects (20 percent). The association secured investment returns of about 4 percent last year.

By Park Han-na (hnpark@heraldcorp.com)

More from Headlines