Pension fund

[Interview] Korea local govts' pension hunts for bargains as valuation concern eased: CIO

Hyun-il Lee and Dong-wook Kim

May 13, 2020 (Gmt+09:00)

The Public Officials Benefit Association (POBA) is shifting away from a defensive stance to put its increased cash to work as the asset price declines caused by coronavirus helped ease valuation concerns, said its chief investment officer Dong-hun Jang.

In the hunt for bargains, the $12 billion pension scheme for local government employees is zooming in on fixed-income, distressed and secondary investments in developed markets.

Over ...
Yeonhee Kim edited this article

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