Institutional investor of the year: The Bank of Korea

One development to emerge since the shock of the global financial crisis has been a drive by central banks to diversify away from US Treasuries and inject a degree of growth into their reserves management. The willingness of these traditional, insular organisations to evolve makes the modifications they are making truly historic. One source referred to it as a tectonic shift. More than expanding the range of currencies in their portfolios, a growing minority now see a place for pr…