Korea Investment Corp is up for illiquid alternatives
Scott Kalb of the Korea Investment Corporation plans to nearly triple allocations to alternatives as he perceives we are in the early stage of a positive cycle for distressed debt.
In its hunt for high returns in a low-return era, Korea Investment Corporation (KIC) plans to increase its allocation to alternatives from 7% of its portfolio to 20%.
It will be a move that bucks the general trend in the market to veer towards liquid investments. Scott Kalb, the government fund's current CIO (and an ex-hedge fund manager), thinks it is necessary to make decent returns.
Speaking at the AsianInvestor summit in Hong Kong yesterday, he drew attention to the 30-year outper…
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