03.07.2009 - Illiquid alternatives for Koreans
From Asianinvestor.net: The most exotic application of alternatives among the panellists is being done by the Korea Investment Corporation (KIC), which is not permitted to invest domestically, and is planning on increasing its assets under management from $25 billion to $30 billion sourced from the government and central bank. "We see opportunities in leveraged loans, and core real estate in the US, and we will expand there in the second half of this year," says Dong Ik Lee, the head of the alternative investment team at the KIC.........Full Article: Source