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In the week ending 05 August, 2016, hedge funds and alternative investment managers continued making inroads into Asia's institutional investor community with the South Korean government announcing it will gradually raise the overseas and alternative investment proportion in seven state-run pension funds. Likewise, Korea Post will buy more U.S. assets as the state-run fund joins a global hunt for returns amid record-low interest rates. South Korea’s alternative investments had exceeded $233bn last year, and short selling is resurging in South Korea despite rules on disclosure. Hedge funds in Korea are attracting wealthy investors – leading to a surging market, while in Japan the Japan Post Bank said it would extend its hedge fund-of-funds allocations to three managers.
In the US, things look different with the New Jersey Investment Council saying it would cut its $9.1bn hedge funds investment by half. It was also reported that BlackRock’s fund-of-hedge funds unit will get $1bn from New Jersey pension as part of an effort to tap lower fees from asset managers. The Ohio School Employees Retirement System, Columbus, made a direct hedge fund investment of $50m; ING’s pension fund is planning to ramp up its inflation-risk hedge to protect the pensions of its 71,500 participants. U.S. college endowments are poised to take the worst slide in...................... To view our full article Click here
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