South Korea’s National Federation of Fisheries Cooperatives, known locally as Suhyup, has opened a tender seeking local private equity managers to oversee its domestic asset pool.
Firms bidding on the tender must be experienced in managing at least 5 trillion won (US$3.4 billion) of Korean equity funds, according to tender details posted on Suhyap’s website on January 12. It did not specify the number of firms that will be hired. The appointment will be for a period of six months.
Suhyap’s domestic asset pool has allocated at least 60% to Korean equities and related derivatives, according to the tender. The value of the asset pool was not disclosed.
Applications closed on January 15 after three days.
Seoul-based Suhyup, which provides financing, insurance and educational services to the fisheries industry, manages around $10.4 billion of assets.
