26th September, 2024
The Korea Investment Corporation (KIC) has named World Bank executive Park Il Young as its new CEO as it seeks to diversify its US$189 billion portfolio, with a push towards alternative assets.
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1st November, 2023
Among S. Korean pension funds, the Public Officials Benefit Association (POBA) is known for having modernized its approach to asset allocation and for having boosted AuM and returns in the past few years. We had the great pleasure of speaking with the engineer of such change as the fund’s CIO between 2016 and 2022, Mr. Dong Hun Jang, about the country’s pension system, the fund’s history, and the changes he pushed for during his tenure.
12th September, 2023
The G20 Summit in Delhi was accompanied by fresh announcements by state-owned investors intent on shifting focus to India, amid ongoing de-China-ization by Western funds and growing Middle Eastern interest in the South Asian economic behemoth’s massive potential.
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11th August, 2023
August is normally a prolific month for appointments and new hires, especially among those funds in the Northern Hemisphere and for those executives with families that need to relocate and find new schools. Here’s an update of what is happening around the human capital of Sovereign Investors:
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14th July, 2023
With combined assets under management of US$1.45 trillion, South Korea’s state-owned investors – comprised of one sovereign wealth fund and six public pension funds – are major players in global markets, and their evolving strategies are set to have a significant impact on investment flows, with alternative asset classes set to be the main winners.
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26th June, 2023
Abu Dhabi sovereign wealth fund Mubadala has recruited rising star Ahn Seung-gu, Korea Investment Corporation's (KIC) senior director for private equity, as it seeks to boost its exposure to developed markets in Asia.
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21st June, 2023
The President of Korea’s US$169.3 billion sovereign wealth fund, the Korea Investment Corporation (KIC), reiterated the fund’s target allocation to alternative investments at 25% of AUM by 2025 in an interview with Bloomberg, indicating it is set to release billions of dollars of capital into global private markets.
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14th March, 2023
South Korea’s sovereign wealth fund Korea Investment Corporation (KIC) is planning to launched an office in Mumbai, according to The Korea Economic Daily.
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10th October, 2022
South Korea’s US$205 billion sovereign wealth fund, the Korea Investment Corporation (KIC), is set to take up membership of the UN PRI (Principles for Responsible Investment), joining the world's largest responsible investment consultative body on ESG investment.
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12th August, 2022
Korea’s state investors are pushing forward with their plans to boost allocations to private markets – and external managers are benefiting from the multi-billion dollar surge in sovereign cash.
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30th May, 2022
The Korea Investment Corporation (KIC) posted an annual return of 9.13% for 2021 with assets under management reaching US$205 billion – exceeding the US$200 billion mark in the first time in its 16 year history.
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2nd May, 2022
Comparing returns across State-Owned Investors is never easy and it always takes a lot of assumptions and disclaimers. Yet, most funds have now reported their FY21 results, and we have looked at the average investment returns for the past six years (which we consider a fair investment cycle) across 20 major SWFs and 20 major PPFs in an apples-to-apples analysis.
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