30.11.2010 - KIC plans more joint investments with sovereign funds next year
From Bloomberg: Korea Investment Corp., the nationís $37 billion sovereign wealth fund, plans to make three to four strategic investments next year with other state funds to diversify from traditional assets such as bonds and equities. The Seoul-based fund, known as KIC, posted a 7 percent to 8 percent return this year from stocks and bonds traded in public markets, which make up the bulk of the portfolio, Chief Investment Officer Scott Kalb said. Alternative assets such as private equity, real estate and strategic investments including Chesapeake Energy Corp. have all made money, he said..............................................Full Article: Source
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