Institutional Investors

Korea Public Officials considers alternatives


Korea's Public Officials Benefit Association may look to alternatives for the first time as it attempts to reduce volatility in its $3.7 billion portfolio.

Under the guidance of new chief investment officer, Lee Seong-Dong, the plan may look to refocus its investment objectives with a greater emphasis on alternatives in order to meet return objectives and decrease volatility.

The Public Officials Benefit Association provides pensions and health assurance benefits for local government employees.

At the same time, the Government Employees Pension Service is also understood to be looking to boost its alternatives exposure, while Korea Investment Corporation is also looking for