World’s largest SWF awards Korean mandate

The world’s largest sovereign wealth fund, GPFG of Norway, has invested $300 million with Korean manager Truston AMC to invest in domestic equities, AsianInvestor can confirm. The $650 billion Government Pension Fund Global (GPFG), which is managed by the AM arm of Norway's Norges Bank, is investing the entire sum into mid- and small-cap Korean stocks, it is understood. This represents a major departure for GPFG, which has voiced its intention to diversify into Asia and emerging…