Man To Advise Korean Bank On Hedge Funds

Aug 30 2010 | 1:01pm ET

The Man Group has been named the first hedge fund adviser to a Korean bank.

The Korean Teachers’ Credit Union picked the London-based alternative investments giant to help it expand its hedge fund allocation, Asian Investor reports. The bank will use Man’s advice as it sifts through potential hedge fund and fund of hedge funds investments.

The KTCU hopes to boost its performance, diversify and better manage risk through the alternatives allocation, and had sounded out several global hedge fund managers as possible advisers.

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