Dr Insup Lee

South Korea’s biggest retirement fund is reportedly set to see yet another senior executive depart, amid criticism of appointments he had made.

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.

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 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 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.