Korea's Teachers' Pension ramping up risk

Korea’s Teachers’ Pension (TP) fund has set ambitious targets to ramp up allocation to global securities and alternative investments in a drive to squeeze higher returns from its portfolio. The firm, which has W16.3 trillion ($13.8 billion) in AUM, has set out to achieve a 47.5% increase to international and alternative exposures. As such it has been restructuring the make-up of its internal teams and strengthening its risk management division. Last year TP saw a 2.65% return,…