(Reuters) South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said it had chosen a BlackRock Inc unit and Grosvenor Capital Management to manage investments in funds of hedge funds in 2016.
NPS, which plans to begin investing in hedge funds this year, plans to entrust BlackRock Financial Management and Grosvenor with up to $500 million each, the pension fund’s investment management office said in a statement.
