Wednesday, July 25, 2007

UPDATE 1-S.Korea pension picks foreigners to manage $2 bln

(Reuters) - The state-run pension agency, which has more than $200
billion under its management, said in a statement it plans to
entrust $1 billion with the World Bank, $500 million with a
Morgan Stanley unit and $450 million with a Credit Suisse
unit.




It said the plans were part of its strategic alliance formed
with Morgan Stanley Investment Management and Credit Suisse Asset
Management.


Read more at Reuters.com Bonds News

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