Saturday, 1 October 2016
Last updated 6 hours ago
Dec 19 2013 | 2:34am ET
A major South Korean pension fund is set to dip its toes into offshore hedge funds.
The Government Employees Pension Service has engaged Towers Watson to assist in finding foreign private-equity and hedge-fund managers, Asian Investor reports. GEPS, which has US$4.75 billion in assets, has never invested in global hedge funds.
The pension may also boost its allocation to global private-equity investments.
"There has been an increase in the work we've done in the offshore alternative investment sphere, but our relationship with clients are not restricted to just this aspect," Jayne Bok, Asia head of sovereign advisory, told AI.