24.08.2010 - Strategic partners in fashion with Korean plans
From Pionline.com: Korea Investment Corp., the country's $29.6 billion sovereign wealth fund, might look to hire strategic partners in the near future, although the structure of such a partnership has not been decided, Scott Kalb, chief investment officer, said in an e-mail response to questions. “We are interested in the concept and (are) working on putting together a program that meets the requirements and objectives of the KIC and that can help us to perform at a higher level,” Mr. Kalb said. Mr. Kim said public megafunds such as National Pension Service have substantial internal resources, but use strategic partnerships to buttress their understanding of global investments and to take advantage of managers' global research and experience...........................................Full Article: Source
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