Wednesday, May 15th, 2013
SEOUL, KOREA - The volume of alternative investment to be made by Korea's top-ten pension funds is estimated at around 22 trillion won, 73 percent higher than last year's. The Korea Economic Daily conducted a survey on chief investment managers of top-ten pension funds who will attend the 2013 Alternative Investment Summit Korea on May 14 and found out the estimated investment sum by the ten funds was 22.47 trillion won.
This is 73.1 percent more than the last year's 12.98 trillion won. The largest sum will be spent by the National Pension Service, followed by Korea Investment Corp., Korean Federation of Community Credit Cooperatives, Korea Teachers' Credit Union, Korea Finance Corp., Korea Post, Teachers' Pension, Public Officials Benefit Association, Military Mutual Aid Association, and Government Employees Pension Service.
Alternative investment refers to an act of investing in products other than the traditional investments of stocks, bonds, cash, or real estate. The range of investment includes financial assets such as commodities, private equity, hedge funds, carbon credits, and financial derivatives.