09.07.2015 - South Korean Sovereign Fund Is Invested in Samsung Opponent
Korea Investment Corp., which has $85 billion in assets, invested money with Elliott Associates LP in October 2010, according to one of these people. The backing of South Korea’s state investment fund complicates the picture given by some in South Korea of Elliott as an outsider working against the national interest. KIC’s investment means that it would stand to gain if Elliott profits from its recent investments in at least three Samsung Group companies, including construction-and-trading company Samsung C&T Corp., in which it has a 7.1% stake...............................................Full Article: Source
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