The hiring spree for 22 newly created positions is the largest by the Korean sovereign wealth fund since 2015. The new program includes 15 investment management openings.
Generally, however, Asian pension funds’ allocations to alternative assets demonstrated only a modest increase of 0.6% from 2019 to 2020.
Technology and big data-driven databases are expected to help Asian asset owners appropriately benchmark their alternative investments across the world.
Korea's sovereign wealth fund has established a new dedicated responsible investment team amid a restructuring. The fund has also appointed new leaders for its alternative and public assets teams.
While other asset owners were making a fortune in the stock market, Poba gained 80% of its W1 trillion ($851 million) investment return in the first half from alternative assets globally.
The country's life insurers continue to mainly focus on fixed-income assets but could raise allocations to overseas private assets as a new capital regime is announced.