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Sovereign Wealth Funds Briefing - Categorized | Trends

KIC to embrace broader client base, assets with eased regulations

Posted on 17 November 2016

South Korea will sharply lower the minimum amount to be entrusted to the Korea Investment Corporation (KIC) to about $86 million and allow the sovereign wealth fund to diversify into a broader range of alternative assets, opening the doors of the state fund wider to small-sized public funds.
Under the revision of the enforcement decree of the KIC Act which was approved at the cabinet meeting on Nov. 15, the government will also loosen conditions for an early redemption call to the KIC and allow the sovereign wealth fund to tap a deeper pool of asset managers to pick its chief investment officer and steering committee members…………………………………….Full Article: Source


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