| Korea Investment Corporation (KIC), the country’s sovereign wealth fund (SWF) with total AUM of US$72 billion, has appointed Lee Jeong Ja as director of its affiliate research centre. Ms. Lee has a distinguished career as an analyst in the securities industry, working in the 1980s at WI Carr Securities, before moving to HSBC Securities Korea in the late 1990s to become head of research and branch manager. She was the first female in Korea to take up a senior position at a foreign securities brokerage.
Ms. Lee’s appointment comes after KIC’s new chief investment officer Choo Heung Sik recently revealed that the SWF aims to double alternative investments, including private equity, real estate, and hedge funds, over the next ten years. The fund has seen declining returns from bonds and equities...............................................Full Article: Source
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