09.08.2013 - Korea state fund to spend up to $10 bln on alternatives
Korea Investment Corp., the nation’s sovereign wealth fund, plans to spend as much as $10 billion to triple its allocation to alternative assets, diversifying its portfolio to smooth the fund’s returns. The sovereign wealth fund, known as KIC, wants to increase holdings of private equity, real estate and hedge funds to as much as 20 percent of its portfolio by 2016 from 6.1 percent at the end of 2012, its chief investment officer said...............................................Full Article: Source
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