Labor ministry seeks OCIO Ministry to select one manager to outsource management of alternative investments
Translated by Kim So-in 공개 2021-07-06 08:00:19
이 기사는 2021년 07월 06일 07:58 thebell 에 표출된 기사입니다.
South Korea’s Ministry of Employment and Labor is looking for an outsourced chief investment officer (OCIO) to manage alternative investments of its employment promotion and vocational rehabilitation fund for disabilities (employment fund for disabilities) and wage claim guarantee fund.The ministry is currently searching for an OCIO for the two funds, according to sources Friday. The ministry plans to select either a securities firm or an asset management firm to manage the funds' alternative investments for five years from October 2021 to September 2025.
Based on the mid- to long-term target asset allocation (2021-2025), the ministry will allocate around 10% of the funds' total assets to alternative investments, which is likely to be around 200 billion won ($177 million) in 2025.
A selected manager will manage alternative assets at home and abroad, including real estates, infrastructure, private equity, and venture capital.
The manager will be in charge of all aspects of the investment stage and follow-up management, including investment-related tasks such as establishment of an alternative assets allocation plan and discovery and selection of new products, and post-management of previously invested alternative investment products, such as funds, foreign exchange hedging, and reporting.
Proposals are due on July 16 and final selection is expected to be made in September among four brokers and four asset managers. The selected manager will start managing the funds from October.
Formed in 1988, the wage claim guarantee fund had 679.8 billion won in assets under management of as of the end of 2020, while the employment fund for disabilities had 1.06 trillion won. (Reporting by Hee-yeon Han)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
best clicks
최신뉴스 in 전체기사
-
- '재무개선' AJ네트웍스, 조달비용 '확' 낮췄다
- '9년만에 엑시트' 한앤코, 한온시스템 거래구조 살펴보니
- 한국타이어앤테크놀로지, 한온시스템 인수한다
- [수술대 오른 커넥트웨이브]2대주주 지분매입 나선 MBK, 주식교환 카드 꺼냈다
- [이사회 모니터]이재용 에이비프로바이오 대표, 바이오·반도체 신사업 '드라이브'
- 와이투솔루션, 주인 바뀌어도 '신약' 중심엔 美 합작사 '룩사'
- 아이티센, 부산디지털자산거래소 본격 출범
- 아이에스시, AI·데이터센터 수주 증가에 '날개'
- [이사회 모니터]서정학 IBK증권 대표, ESG위원회도 참여 '영향력 확대'
- SW클라우드 '10주년' 폴라리스오피스, “초격차 밸류업”