Weekly investor roundup: KIC alternatives allocation declines for 2nd year; OTPP, Temasek join crypto exchange funding round
The Korea Investment Corporation (KIC) has decreased alternative asset allocation for two straight years; Cryptocurrency exchange FTX draws funding from OTPP, Temasek; Former head of investments at Temasek joins De Beers billionaire's family office in Singapore; GIC reportedly commits to new ESR Japan Income Fund; CPP Investments commits to logistics partnership in Japan; and more.
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Korea Investment Corporation said the strong performance of traditional assets has resulted in a decrease in its alternative assets. But the two straight years of declines do not indicate its shift from an announced plan to increase alternative investments to 25% of its portfolio by 2027.
KIC chief executive officer Jin Seoung-ho made the remarks during a recent parliamentary Q&A session, as Korean lawmakers criticised the sovereign wealth fund’s declini…
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