Korea’s KIC targets 20% alternatives allocation
Korea Investment Corp. (KIC) will double its investments in alternative assets over the next 10 years. This would take the sovereign wealth fund’s allocation to the asset class to 20% out of a total corpus of $72 billion.
"We'll have to embrace the lower return expectation from traditional assets and that will continue for a considerable period," Heung-Sik Choo, KIC's CIO, told Bloomberg. "Considering such an environment,...
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