05.04.2016 - Korean public funds hesitant to outsource investing to SWF
Korea Investment Corp. is looking to leverage its expertise as a sovereign wealth fund invested entirely offshore on behalf of other local pension and public funds in the country, but its target audience might not be ready to jump at the offer. At his inaugural press conference on Feb. 18, Eun Sung-Soo, KIC's newly installed CEO, said winning mandates from local pension and public funds is part of KIC's long-term strategy to achieve economies of scale for all involved, noted a Seoul-based KIC spokeswoman...............................................Full Article: Source
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