A public pension fund and two Asian sovereign wealth funds outline different approaches to third-party asset managers, but all rely on them for private markets.
Choo Heung-Sik has made the jump from head of reserve management at the Bank of Korea to overseeing investments at the country's sovereign wealth fund.
Korea’s $72 billion state wealth fund is to set up a 20-strong unit to feed macroeconomic and industrial analysis into its allocation process. It has started a reshuffle as it realigns.
The Dutch fund house has brought in Mercer’s Korea head of investment advisory to oversee its Seoul operations amid plans to add staff in Hong Kong and Singapore.
Lee Dong-ik, the fund's first Korean CIO, has resigned with 15 months left on his three-year term. This is the second high-profile management resignation at KIC in the past few months.
Korea Investment Corporation has signed an MoU for a co-investment platform with Russian state fund RDIF to look at forestry and infrastructure deals, among others.