Korea's KIC targets 50% alternatives allocation
Korea Investment Corporation (KIC), which is expected to surpass $100 billion in assets this year, wants to increase its allocation to alternative assets to 50% from the current level of 8%.
Hongchul Ahn, CEO of KIC, outlined the goal in an address marking the 10th anniversary of the sovereign wealth fund's formation. He drew comparisons to the approaches taken by Yale University and other...
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