Korea’s NPS ups alternatives exposure to 9.9%
The National Pension Service of Korea (NPS) increased its alternatives allocation from 9.4% to 9.9% over the course of 2014 as total assets grew by 10.3% to reach KRW470 trillion ($435 billion).
Of the KRW46.7 trillion in alternatives, KRW22.2 trillion was deployed domestically and KRW24.5 trillion globally - the first time the latter has accounted for the majority. Alternatives as a whole have...
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