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.