Korean fund to allocate $6bn to alternatives over three years

Global alternative assets are on the agenda at one Korean fund that is eager to place $6 billion in alternative investment blind-pool funds over the next three years, according to a report in The Korea Economic Daily.

The MG Korean Federation of Community Credit Cooperatives (KFCC) will place three-quarters of the capital into global assets. It’s reportedly a big step at the community bank where global investments only account for 5% currently. The planned allocation totals 10% of KFCC’s assets under management.

Private equity, private debt funds, real estate . . .

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