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October 2021
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Korea Teachers’ Credit Union opens tender for 60 billion won equity mandate

KTCU
By Hui Ching-hoo   
September 17, 2021

Korea Teachers’ Credit Union (KTCU) is looking to hire three Korean and foreign asset managers for a 60 billion won (US$486 million) domestic equity mandate.

The funding will be split equally between the managers, and they may get more subject to investment performance and market conditions, KTCU says in a request for proposal on September 15.

Applicants must have a minimum three years of experience in Korean equity investments and at least 50 billion won of Korean equity strategies.

Applications are open until October 1. Evaluation and manager selection are scheduled for between October 22 and November 18.

KTCU, a welfare scheme for teachers and school administrators, had around 33.1 trillion won of total assets as of June 2020.