| Korea Investment Corp. (KIC), the country's sovereign-wealth fund, said it will withdraw investment in Elliott Associates if the fund acts in such a way as to hurt the national interest. "If Elliott acts only for short-term investment gains and hurts the national interest, KIC will consider pulling its investment from the hedge fund," a KIC executive said, Thursday.
He said KIC, which has about $85 billion in assets, has invested in the hedge fund since 2010. KIC has invested $2.6 billion in 20 different hedge funds, KIC said. It has so far invested about $50 million in the U.S. hedge fund with the profit margin reaching 40 percent...............................................Full Article: Source
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