Tag : national pension service

The $360 billion National Pension Service has started its search for a new investment head, as it seeks to increase assets by 67% over the next five years.

The pension fund will raise exposure to domestic and global equities and alternatives after admitting it maintained fixed income allocations too long, causing it to underperform peers.

Choi Kwang becomes the first former health and welfare minister to lead Korea’s National Pension Service. He now faces installing a new management team.

The $340 billion pension fund has set itself a long-term goal of opening offices in Hong Kong and Shanghai. However, for now it is focused on stabilising its other overseas bases.

The National Pension Service may begin internal deliberations on whether to ask for legal changes allowing it to invest in hedge funds, says CEO Jun Kwang-woo.

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.

Korea’s National Pension Service plans to invest in the Posco Woori EIG Global Fund, designed to help Posco access global natural resources.

Even the mighty National Pension Service lacks the internal capacity required as it and local peers expand international investments.

Professionals call for liberalisation, while the National Pension Service says it will look to overseas hedge funds first as the onshore industry must mature.

Korea's National Pension Service sets out its plan for the next five years, diversifying into international equities and bonds as well as alternatives.

South Korean institutions are increasingly investing overseas in a bid to resolve their asset-liability mismatches.

Jun Kwang-Woo, chairman and CEO of the $300 billion pension fund, is visiting Hong Kong and Singapore to build ties and assess sentiment and trends.