Government Employees Pension Service Selects Two Domestic Equity Entrusted Managers

The Government Employees Pension Service announced on June 27 that it has selected one pure equity manager and one dividend equity manager as domestic equity entrusted investment managers.

Following the announcement of its selection plan for entrusted investment managers in May, the service conducted a first-round quantitative evaluation and a second-round qualitative evaluation. As a result, Life Asset Management was selected as the pure equity manager, and Korea Investment Value Asset Management was chosen as the dividend equity manager. Each selected manager is scheduled to receive 20 billion won in domestic equity investment funds.

In particular, the selection process attracted significant interest from the asset management industry, resulting in a competition ratio of 24:1 for the pure equity mandate and 14:1 for the dividend equity mandate.

An official from the service stated, "We have selected managers with outstanding long-term performance and risk-adjusted returns, and we expect the selected managers to contribute to enhancing the stable returns of the Government Employees Pension Fund in the future."

Meanwhile, the Government Employees Pension Service currently manages approximately 8.9 trillion won in medium- to long-term investment assets, with about 1.4 trillion won allocated to domestic equity investments.

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