The CIO of the $37 billion South Korean fund sees local stock market risk potentially rising as the country awaits a new president and his or her approach to North Korea.
The $37 billion Korean institution is selling buildings in prime locations in favour of buying second-tier real estate. It is also cutting bond exposure and eyeing certain niche alternatives.
The military pension fund promotes its head of securities investments to one of its two CIO roles, as Lee Sang-ho departs. The move comes two years after a structural shake-up.
The Government Employees Pension Service is tipped to see fierce competition for its CIO vacancy. It has also seen its head of overseas investment join KB Asset Management.
Choi Young-Gwon will start in the new role on April 1 after overseeing big changes in investment strategy during his three years at Korea's Government Employees Pension Service.
The Korean Teachers’ Credit Union plans to raise its foreign allocation by $750 million. Most of that will go into property via fund managers, and global equities are also set for more flows.