South Korea’s National Pension Service is seeking to unveil a $828.1 million fund, NASDAQ reports. The Pan-Asia Fund will invest in small- and mid-sized firms within and outside of Korea.
The pension fund will appoint eight managers to manage the new vehicle by mid-June. The managers, who will make investments through stake purchases, or purchases of bonds, will allocate up to 45% of the fund to Asia-based firms, while investing the other 55% in local firms.
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