The National Pension Service in Seoul, South Korea, reportedly committed 1 trillion won ($810 million) to hedge funds last year, including its first single manager hedge fund allocations.
The pension system reported Marshall Wace in the U.K. and U.S.-based firms Crabel Capital Management, Pentwater Capital Management and Waterfall Asset Management in the fourth quarter of 2019.
For NPS, the move into direct hedge fund investments was a big one, following its commitments to funds of hedge funds managed by BlackRock and GCM Grosvenor previously. Reportedly the system still has the room to . . .
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