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.
The 2016 Korea Institutional Report, from AsianInvestor's new research arm, gives a comprehensive breakdown of investment activity among the country’s largest asset owners.
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.
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.