Korea Teachers Credit Union, one of the largest pension funds in Korea with assets of over $18 billion, is set to increase its hedge fund assets in 2012.
The giant fund intends to invest around $600 million in overseas infrastructure products and hedge funds. This comes as part of a plan to increase alternative investments to account for roughly 25% of total assets within the next four years.
KTCU began investing in hedge funds in 2010, aiming to diversify its overall portfolio and better manage risk. At the time it set up a strategic partnership with Man Investments,