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NPS picks BlackRock, Grosvenor for first hedge fund portfolio

Dr Insup Lee
Korea's flagship state retirement fund has chosen the two asset managers to run a fund-of-hedge-funds mandate of up to $1 billion, which is expected to rise to $2 billion over time.
NPS picks BlackRock, Grosvenor for first hedge fund portfolio

Korea’s National Pension Service has chosen BlackRock and GCM Grosvenor Capital Management to manage a W1.2 trillion fund-of-hedge-funds portfolio, its first such mandate.

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