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Korea teachers' fund to invest US$50m in Neuberger Berman’s blind fund

[THE INVESTOR] The Korean Teachers’ Credit Union has decided to invest US$50 million in Neuberger Berman blind fund, according to news reports on Oct. 16.

The US-based global asset management, with US$25.5 billion asset under management, is creating a multibillion dollar private equity fund that will acquire stakes of management companies including those of US-based hedge funds.

Its Korean branch will recruit US$100 million from two to three institutional investors.

By Hwang You-mee (glamazon@heraldcorp.com)
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