KIC, Poba tightening control to avoid alts trap
Wary of a potential "day of reckoning", the Korean duo outlined how they are seeking more control of their alts investments at AsianInvestor’s Institutional Investor Forum in Seoul.
Two of Korea's most powerful institutional investors are tightening the control they have over their alternative investments, wary of a possible future "day of reckoning" given high current valuations and the liquidity limitations of the asset class.
At an investment conference on Wednesday (April 10), sovereign wealth fund Korea Investment Corporation (KIC) and Public Officials Benefit Association (Poba) signalled their intention to tweak their strategies because of the market's …
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