Man Investments announced this week that it has been chosen by the Korean Teachers’ Credit Union (KTCU) to provide alternative investment advise as the institution looks to increase its allocation in hedge funds. The strategic partnership is a first for KTCU, which established itself in 1971 to promote the welfare of all Korean teachers. Today, the public fund currently has over 600,000 members with combined assets totalling KRW17.2 trillion (USD14.5 billion). The news comes as a welcome fillip for Man Group, of which Man Investments is a subsidiary. The partnership will allow it to provide KTCU with key advice on which hedge funds, and funds of hedge funds, to invest in to achieve a twin goal of managing risk and diversifying its investment portfolio. As well as providing a strategic consultation service through the partnership, Man Investments will also be providing educational support. In the official press release Giselle Lee (pictured), ED and Head of Sales for Korea, Man Investments Hong Kong, was quoted as saying: “As more institutions are looking into alternative investments to diversify portfolios, we are pleased to have the opportunity to work closer with KTCU. With Man Investments’ extensive global investment expertise and knowhow, we are keen to share our experience in the alternative space.”