18.02.2011 - Following KIC's lead, Korea's pension pursues alts
From Ai-cio.com: The Korean National Pension Service (NPS),the world's fourth latest pension, is aiming to broaden its portfolio this year by investing $4 billion oversees in alternative assets, including infrastructure. NPS's aggressive approach toward investing more heavily in alternatives coincides with the strategy taken by the Korea Investment Corporation (KIC), South Korea’s government-owned investment management company that specializes in overseas investments. KIC's Chief Investment Officer Scott Kalb told aiCIO that alternative assets have all been profitable..............................................Full Article: Source
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