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.
Growth Hill Asset Management has hired a head for its new representative office, which will conduct research on Asian stock markets, say sources.
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.
The embattled state pension fund is seeing a rising number of staff depart and finding it harder to replace them after moving its investment centre away from Seoul.
As many asset owners pull money out of hedge funds, the likes of Australia's Future Fund and Korea's National Pension Service are prepared to go against the trend.
Big Chinese insurers such as Anbang and Ping An are making strides into property. Korea's Poba is doing the same, and fund managers hope more smaller asset owners will follow suit.
Cho Jaemin returns to Korea's KB Asset Management with ambitious plans, as the firm considers putting offices in Singapore and the US to offset slow growth at home.
The arrest of the CEO of Korea's National Pension Service amid allegations of corruption offers another example of why the fund should be freed from political meddling and cronyism.
The pension fund assigned a $50 million allocation into the alternatives asset class in December, and appointed three companies to operate it.
The Korean pension fund picked the former investment head of Allianz's local business out of 28 applicants to run its asset allocations, and hired six firms to manage its equities.
The Korean national pension fund was named the leading asset owner in its home market and also won our prize for investment capabilities. We outline its impressive progress.
As Korea's flagship pension fund further builds alternative exposure, it is trying to make decision-making more efficient. Some observers question the planned structure,
Traditional asset managers are competing with alternative specialists to gain new mandates as regional institutions add more of the asset classes to their product mix.
The country's biggest asset owners will raise their allocations to infrastructure and property, reflecting a rising regional trend. Fund firms such as BlackRock are responding accordingly.
The two Korean managers are planning to set up onshore wholly-owned entities, which are seen as important vehicles for foreigners to win domestic China mandates amid deregulation.
The Korean venture capital firm aims to final-close at the end of this year, as it taps foreign investors for the first time for what would be its biggest fundraise.
EY has analysed the tax treatment of domestic funds versus foreign products that may be marketed under the Asia Region Funds Passport, to see what progress needs to be made.
The pension fund will gradually reduce its fixed income allocation in favour of alternative assets until 2021, says head of investment strategy Richard Park Chunsuk.