At NPS party, Larry Summers lauds Asian capital
Lawrence Summers, a guest of Korea’s National Pension Service, urges institutional investors to serve their role as “patient capital” and invest in the West’s infrastructure.
Lawrence Summers lauded the potential for large pools of Asian capital to improve the global financial system at a conference yesterday marking the 25th anniversary of the Korean National Pension Service (NPS).
Delivering the keynote presentation at the event in Seoul, Summers said: “The NPS is a model for something profoundly important.” That something he describes as “patient capital” that is internationally diversified and deployed flexibly.
Summers was secretary of the US Tr…
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