NPC in third round of funds outsourcing

South KoreaÆs W160 trillion ($171 billion) National Pension Corporation is at the final stages of picking a third tranche of international fund managers, according to sources familiar with the organisation.The NPC intends to award seven new mandates in mid-May. Five of these are in equities, including core active and satellite strategies, and will average $100 million each. The two global fixed-income mandates are said to be larger.Both Mercer Investment Consulting and Watson Wyatt ha…