Institutional Investors

Korea readies alts push


The giant $37.5 billion Korea Investment Corporation will make it a priority to push ahead with building its alternative asset allocation, according to new president and chief executive officer Chong-Suk Choi.

In his inauguration speech to employees of the massive sovereign wealth fund, Chong-Suk Choi outlined three strategic goals: to attain the highest return for the appropriate level of risk, to expand alternative and strategic investments, and to increase research capabilities.

At the end of 2010 around 91% of the fund’s assets remained in ‘traditional’ asset classes, with 5.5% in alternative assets and