Global alternative assets fuel Korea Poba’s 11.8% 1H return

Korean pension fund, the Public Officials Benefit Association (Poba), recorded an annualised return of 11.8% in six months to June this year – one of its best half-year performances - fueled by a diversified portfolio in global alternative assets. It meant Poba achieved its year-end target of W17.6 trillion of assets under management six months early, Jang Dong-hun, Poba’s chief investment officer told AsianInvestor in an interview. The return pushed Poba’s AUM to W17.9 trillion…