KTCU turning from stocks to alternatives

The Korean Teachers’ Credit Union intends to mitigate volatility in its W26.7 trillion ($22.5 billion) portfolio by allocating more to alternative assets, its chief investment officer Kang Sungseog told AsianInvestor. Kang took the CIO role in 2015, capping a 28-year career at the institution. Under his guidance, KTCU was one of the few Korean institutions to post strong returns last year, notching a $1 billion gain, of which some $100 million was booked as pure profit (the rest w…