07.12.2012 - South Korea's hedge fund industry - is seeing consistent growth on the back of government support
A robust corner of Asia's hedge fund industry lies in South Korea, where the government, faced with the familiar global problem of an ageing population, has actively encouraged the development of alternatives to boost pension and other investment returns. Domestic Korean institutions have certainly adopted alternatives. The Korea Investment Corporation (the KIC) is the sovereign wealth fund of Korea with assets of some $50bn under management. In an interview with Asia Pacific Intelligence, Minjun Kim, Senior Investment Manager, Investment Strategy Group, Head of Hedge Funds for KIC, reports that currently the KIC has roughly about $1.3 billion invested in hedge funds. At the time of writing, the KIC is not allowed to invest in the domestic Korean hedge fund industry and observers feel that it won't until the local funds have proved themselves capable of good and steady returns...............................................Full Article: Source