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KICÆs Scott Kalb still keen on Merrill Lynch stake

The CIO of the Korea Investment Corporation explains why the Merrill Lynch deal will work out, as well as his views on hedge fund fees and other topics.
Scott Kalb joined the Korea Investment Corporation in April as its chief investment officer, replacing Guan Ong, who had stepped down last year after leading the KIC's investment strategy in its first three years. The full Q&A with Kalb will appear in the September edition of AsianInvestor magazine. Below are some excerpts from the discussion. KIC now manages about $30 billion; will this keep growing? Kalb: The balance sheet of Korea is strong. During the Asian financial crisis,…
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