Korea police fund allocates $60 mn to AMP's infrastructure, LGT's ILS funds
Jul 27, 2017 (Gmt+09:00)
The Police Mutual Aid Association (PMAA) has decided to commit $30 million each to an Australian infrastructure fund of AMP Capital and an insurance-linked securities (ILS) fund of LGT Capital Partners as it is shifting further toward indirect investment in global alternative assets.
The savings fund for South Korean police officers has set up an internal policy of making all cross-border alternative investments through funds of global management houses, instead of seeking project-based investments, according to investment banking sources on July 26.