Sahak Yeongeum Finalizes Selection of 5 New Domestic Equity Mandated Asset Management Firms

[Asia Economy Reporter Ji-hwan Park] The Private School Teachers' Pension Service announced on the 28th that it has selected five final entrusted institutions for domestic equity-type entrusted asset managers, including Mirae Asset Global Investments, Shinhan BNP Paribas Asset Management, HDC Asset Management, Midas Asset Management, and Woori Asset Management.

A total of 31 institutions (20 growth-type and 11 socially responsible investment-type) participated in the selection of domestic equity-type entrusted asset managers for the Private School Teachers' Pension Service. After the first quantitative evaluation, three times the number of institutions (9 growth-type and 6 socially responsible investment-type) were selected. Subsequently, after non-face-to-face due diligence and presentation evaluations, three growth-type and two socially responsible investment-type institutions were finally selected.

Lee Gyu-hong, CIO of the Private School Teachers' Pension Service, stated, "Through the selection of new entrusted asset managers, we plan to build a high-quality portfolio to enhance mid- to long-term operational performance," adding, "We will fulfill the social responsibility of public institutions with an investment strategy that actively responds to government policies through proactive socially responsible investment."

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