South Korea’s Nonghyup Bank is seeking bids from investment firms to manage an asset pool comprising stocks, bonds and hybrid strategies for one year.
Asset managers bidding on the tender must have at least 30 billion won (US$20 million) of net assets, the bank says in a request for proposal on January 22.
The value of the asset pool was not disclosed. The bank also did not specify the number of firms that will be appointed.
Applications are open until January 29 and will be evaluated by local investment consulting firm KG Zeroin.
Nonghyup Bank is a unit of the National Agricultural Cooperative Federation.




























