Korea Teachers' Pension appoints new CIO

Park, who replaces Min-Ho Park in the role, worked at Allianz from 2006 until mid-2016, when it was announced that the business would be sold to China's Anbang Insurance Group. Before that he held positions with Samsung Asset Management, HDC Asset Management, and the Korean Federation of Community Credit Cooperatives.

Korea Teachers had approximately KRW14 trillion ($11.6 billion) in assets as of September 2016, Taehyeong Kim, a senior portfolio manager with the fund, told the AVCJ Korea Forum, held the same month. The alternatives allocation was 16% - or KRW2.24 trillion - with KRW1.2 trillion committed to overseas managers. Private equity and real estate each accounted for 45% of this.

Kim noted that the major public pension funds in Korea are assessed by the government on an annual basis, so there is an emphasis on cash flow. "You cannot ignore the fact that we have our own benchmarks and target returns," he said. "Within a year we have to realize a certain level of returns and that means private debt, whether senior or mezzanine."

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• North Asia
• People
• LPs
• South Korea
• Appointments
• Korea Teachers Pension Fund