Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Korea’s National Pension Service is looking to invest $869m in offshore hedge funds

Monday, July 20, 2015

Komfie Manalo, Opalesque Asia:

South Korea’s National Pension Service (NPS) said on Sunday it plans to invest 1 trillion won ($869 million) in overseas hedge funds in a bid to diversify its portfolio amidst the backdrop of declining rates and a waning economy.

An NPS spokesman was quoted by the Korea Times as saying, "Instead of directly investing in a hedge fund, we will . . . make an investment in global hedge funds. Depending on asset operation results, we may consider increasing our investment in hedge funds."

The report said the NPS is trying to veer away from traditional bonds and equities and have shifted their attention at alternative investments for opportunities, particularly in local companies, property and infrastructure.

The plan, which was posted at the state-run Ministry of Health and Welfare web site, said the $869 million is just an initial foray into alternative investments from the NPS’ $75.1 billion idle fund. By 2020, NPS is planning to raise its global assets ratio to over 30% from 16% last year.

The Bank of Korea reduced its benchmark interest rate at an all-time low of 1.5% and might further lower the base rate even more in the second half of this year to manage risks.

In May, South Korea’s army welfare fund, the $6.2 billion ......................

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