Korea Post bucks trend with hedge fund plans

Korea Post’s insurance bureau is to make its first allocations into individual foreign hedge funds, amid widespread investor scepticism about the asset class and pressure on managers to reduce their fees. The unit of the country’s national postal service will hand $200 million spread across 10-15 hedge fund managers from August onwards, said a source at Korea Investment Management (Kimco), which is advising Korea Post on the allocation.  Korea Post, which has W45 trillion ($39 b…