GEPS Begins Selection Process for KRW 400 billion Overseas Alternative Investment Manager The Government Employees Pension Service (GEPS) will soon select a domestic asset manager to entrust with overseas alternative investments. GEPS is accepting proposals until June 2 and will make the selection also in June. A total of KRW 400 billion will be allocated to one domestic asset management company. Securities firms will be excluded from consideration. The selected management company will carry out tasks such as selecting and supporting overseas management companies before investment, establishing foreign exchange hedging plans and signing foreign exchange hedge contracts after investment, fund purchases and redemptions, asset custody and fund settlement, […]