The Korea Teachers Pension fund has picked two asset managers to invest assets in foreign equities for the first time in its 30 year history, continuing a trend for Asian pension schemes to look abroad to boost returns.
The fund, which managed 5.6 trillion won (â¬4.1bn) at the end of 2006, has hired Goldman Sachs and ING to invest 500bn won in assets primarily in overseas funds, according to Bloomberg.
