Korea’s NPS appoints panel of transition managers
BlackRock, Credit Suisse and Nomura have been chosen to act as transition managers by Korea's National Pension Service, as it increasingly looks to outsource its investments.
Korea's National Pension Service (NPS), the $283 billion state pension fund, has appointed BlackRock, Credit Suisse and Nomura to what is believed to be its first formal panel of transition managers, AsianInvestor has learned.
BlackRock is a recognised leader in fixed-income transitions, and the same can be said for Credit Suisse on equity transitions, while Nomura can offer particular expertise on the Japanese market and risk pricing through its proprietary desk.
The three tran…
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