[Interview] Korean fund for small firms to allot $440 mn to alternatives in 2017
May 04, 2017 (Gmt+09:00)
Yellow Umbrella Mutual Aid Fund, South Korea’s savings fund for small-sized business owners, will likely allocate 300 billion won ($265 million) to new alternative investments between May and December this year, as it aims to invest a total of 500 billion won ($441 million) in alternative assets for the whole of this year, about a quarter of its projected net asset growth.
“We will increase the proportion of alternative investments to 10.0% to the amount of 710 ...
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