Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

$430bn Korean pension approves hedge fund allocation after studying the asset class for eight years

Monday, March 02, 2015

Komfie Manalo, Opalesque Asia:

The $430bn Korean’s National Pension Service (NPS) last week approved a plan to allocate some of its assets into hedge funds this year after studying the asset class for eight years, reported AsianInvestor.net.

An official from NPS investment committee who asked not be named was quoted as saying, "Hedge fund investments will be executed from as early as the end of this year. A hedge fund is an investment vehicle that invests in traditional securities such as stocks and bonds to achieve broader diversification. Hedge fund investments will diversify the risks of the entire pension fund’s portfolio and as such will contribute to its reliable stream of returns in future. This strategy is expected to strengthen the whole spectrum of NPS’ investment capabilities."

Nine out of the 10 top hedge fund investors are national pensions and sovereign wealth funds

The official said NPS is looking for ways to diversify its portfolios into non-traditional securities and overseas assets. Ranked by size, nine out of the 10 top investors of hedge funds are national pensions and sovereign wealth funds. The national pensions of Canada, Norway and the Netherlands are also invested in hedge funds.

The NPS has been considering to invest in hedge funds as early as 2007 but the plan was temporarily shelved following the global financ......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1