KIC targets 25% alternatives allocation by 2027
The CIO of the sovereign wealth fund outlined his investment strategy for alternative assets, and how he plans to leverage technology at a webinar hosted by AsianInvestor.
Korea Investment Corporation (KIC) plans to increase its allocation to alternatives in the coming six years to at least 25% of its portfolio to reap the benefits of an illiquidity premium and the asset class’ low correlation with traditional instruments, said chief investment officer David Park.
Adding alts: KIC's
David Park
“As of the end of 2020, we have 15.4% of our AUM (assets under management) invested in alternatives. And by 2024, we aim to raise it to 20…
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