Scott Kalb, former chief investment officer of Korea’s $45 billion-plus sovereign wealth fund, Korea Investment Corp., knows how to take smart risks. Hired by KIC in 2009, Kalb, 56, reorganized the investment team and stabilized KIC’s loss-making investment portfolio — which was then worth just $19 billion — by recalibrating its approach to risk management, diversifying its holdings and implementing a long-term investment culture and discipline.
The results have been dramatic. Over the three years of his tenure, through March 2012, KIC’s portfolio has delivered annualized returns of 12 percent………………………………………..Full Article: Source