South Korea's biggest pension fund is moving in the right direction but deep ties to segments of the capital market make independent monitoring a challenge, say experts.
The US firm is the latest private-asset manager to put a branch in Seoul as local asset owners build positions in offshore alternatives, notably via niche fixed-income mandates.
South Korea has a 15.61% weighting in MSCI's emerging-market equity index, making institutional investors vulnerable to any military escalation between the US and North Korea.
South Korea’s biggest retirement fund is reportedly set to see yet another senior executive depart, amid criticism of appointments he had made.
Jonathan Zhu of Bain Capital explains how the private equity firm plans to take South Korean botox firm Hugel and inject it into a larger market, China, where medical beauty is booming.
Only three asset owners have signed up to the country's stewardship code. More must do so, including National Pension Service, the biggest state fund.
The Korean firm's head of ETF strategy said the asset manager's expectations had not been high for its first leveraged and inverse products in Hong Kong, as it moves to delist them.
The likes of Geps, KIC and Hyundai Insurance are looking to further raise their allocations to private markets, but seem less keen on hedge funds.
Senior executives from some of South Korea's leading asset owners gathered in Seoul on June 20 for AsianInvestor's 11th Korea Institutional Investment Forum.
Representatives of South Korea's leading institutions gather in Seoul for a day of discussion of key issues and trends in the industry.
The state fund is seeking four managers to run its first segregated mandates for private debt as it further expands its large alternatives portfolio, said CIO Jang Dong-hun.
CIOs of Korean institutions are moving to build private debt allocations as they struggle to justify adding to large property and private equity portfolios.
The $510 billion Korean pension fund aims to remove increasingly costly FX hedges on its dollar investments, in a move that others may mimic, according to ANZ research.
The Korean pension fund has just allocated $320 million to seven private equity managers. CIO Jang Dong-Hun tells AsianInvestor why they were chosen.
The $462 billion state pension fund has just hired two more private-market portfolio managers in Singapore and is looking to add three in London and two in New York.
Achieving a 5% return is impossible from investing in traditional assets alone, says the CIO of Korea’s Public Officials Benefit Association. But alternative risk premiums – and fees – have collapsed.
The insurance unit of the postal service is to invest its first $200 million into individual foreign hedge funds and award another fund-of-funds mandate, amid scepticism about the asset class.
The Korean pension funds are adding to their offshore investments in order to diversify and improve their returns on mounting asset bases.
South Korea's new leader is pledging to reduce the influence of chaebol conglomerates — a cause thay may be helped by the large shareholdings of state institutions.
The Police Mutual Aid Association is to raise its allocation to foreign alternatives and stocks with a view to strongly boosting returns. It is mulling hiring BlackRock and Pimco to run bond portfolios.