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Alternative Market Briefing

South Korea’s pension system to seek legal changes to allow it to invest in hedge funds

Monday, October 15, 2012

amb
Jun Kwang-woo
Precy Dumlao, Opalesque Asia – Korea’s National Pension Service with $340bn in assets, is set to start an internal deliberation and decide whether to seek legal changes to its charter and allow it to invest in hedge funds.

In a report by AsianInvestor.net, NPS CEO Jun Kwang-woo, said they hope that the political situation changes next year will open the door to hedge funds investing.

He was quoted as saying, "We did have a plan last year to explore hedge funds and other vehicles. But market sentiment has......................

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