SWFs – Korea Investment Corp. set to invest $1bn in alternatives in H2
From Reuters.com: Korea Investment Corp (KIC) is set to spend $1bn of its overseas alternative investment budget in the second half in private equity secondary markets, hedge funds and commodities, an official said on Tuesday.
The sovereign wealth fund will make a fresh round of alternative asset purchases this year with $3bn it is set to receive from the finance ministry... Full article: Source
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Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1