Samsung Asset to launch $500 mn global infrastructure debt fund with IFM: report

Samsung Asset Management Co. Ltd. will launch a $500 million blind-pool fund investing in infrastructure-backed debt in developed countries, and joint...

Korea Post’s savings arm targets 2-3% medium-risk assets; keen on CMBS, CLO: report

Korea Post’s Savings Bureau has been shifting overseas investment focus into relatively low-risk assets such as fixed-income assets since last year to...

Korea’s JB Asset to buy Comcast’s new office building in Denver for $72 mn

JB Asset Management Co. Ltd., a unit of a South Korean provincial bank, has been named as a preferred buyer of a new office building in Denver which C...

NPS puts aside 2017 asset management plans after chief detained

South Korea’s National Pension Service (NPS) has indefinitely postponed a committee meeting set for Dec. 30 aimed at reviewing this year’s investment ...

Mirae Asset in bidding for $300 mn Charles Schwab’s US building: report

Mirae Asset Financial Group has recently submitted a letter of intent to buy a prime office building worth $300 million in San Francisco which financi...

Korean asset firm underwrites $61.5 mn mezzanine loan of LA office building

A South Korean handbag maker’s fund management unit has invested $61.5 million in mezzanine debt of a prime office building in Los Angeles, jointly wi...

Korean asset firm raises $79 mn to invest in Blackstone-owned Las Vegas hotel

A small-sized South Korean asset management firm, Hyundai Investments Co. Ltd., has raised a real estate fund to invest 93 billion won ($79 million) i...

KIC to embrace broader client base, assets with eased regulations

South Korea will sharply lower the minimum amount to be entrusted to the Korea Investment Corporation (KIC) to about $86 million and allow the soverei...

NPS sees alternative divisions regrouped by asset class, creating deputy CIO roles

The National Pension Service (NPS) is seeking to reclassify its alternative investment divisions, currently divided into domestic and global assets, i...

Korean asset manager set to buy NASA headquarters building for about $350 mn

KTB Asset Management Co. Ltd. has been picked as the preferred buyer of the NASA headquarters building in Washington D.C. on behalf of small-sized Sou...

Neuberger Berman sees $100 mn fundraising in Korea to buy stakes in US asset firms

The Korean Teachers’ Credit Union (KTCU) will commit $50 million to a blind-pool fund that Neuberger Berman is in the process of raising, and other So...

Mirae Asset’s $270 mn property fund for State Farm complex fully subscribed

Mirae Asset Global Investments Co. Ltd. has raised the planned 300 billion won ($270 million) in a public property fund in 10 days after it was launch...

Mirae Asset launches public fund for $820 mn State Farm complex deal

South Korea’s Mirae Asset Global Investments Co. Ltd. has purchased State Farm Insurance’s four-building office complex in Texas for 900 billion won (...

US bank loans, asset-based credit whet appetite of Korean investors

South Korean institutional investors are gearing up to raise exposure to U.S. bank loans, collateralized loan obligation (CLO) and commercial mortgage...

Ex-NPS investment strategy head to lead non-equity portfolios of Korean asset firm

A former investment strategy head of the National Pension Service (NPS), Yoon-pyo Lee, will move to South Korea’s Truston Asset Management Co. Ltd. ne...

What makes Korean asset owners hesitate to invest in hedge funds?

The National Pension Service (NPS) has kicked off its first investment in hedge funds by choosing two fund of funds managers to entrust a total of $1 ...

Top Korean investors to meet UK asset managers in London on July 22

Sang-Hyun Yoo, the new global alternative division head of the National Pension Service (NPS) and senior managers of other top South Korean instit...

Korea Post names new insurance asset head from within; 3rd replacement in 1 year

Korea Post has appointed a long-serving senior government official as the new head of its insurance asset investments who will also take a quasi-chief...

[Interview] Korea savings funds see UK asset price drop after Brexit, awaiting buy timing

South Korea’s key savings funds have decided to put on hold investments in Europe shortly after the Brexit vote on the prospect of a further decline i...

[Korean Money Going Abroad] Korea insurers up overseas investments, eyeing foreign asset managers

South Korean insurance companies have been raising investments in overseas investments by more than 50% since the start of this year and also consider...

Mirae Asset-led funds on buying spree of overseas property, including Amazon HQ building in Seattle

A consortium of South Korean institutional investors, led by Mirae Asset Global Investments, has recently closed a deal worth about $245 million to bu...

KIC names former local asset management head as new CIO

Korea Investment Corporation (KIC) has named the former head of Hanwha Asset Management as its new chief investment officer to run the sovereign wealt...

[Editor's Note] Korea Post released four RFPs to select offshore alternative asset managers

Last week Korea Post, with 110 trillion won ($93 billion) of assets under management, announced four requests for proposal (RFPs) to choose general pa...

[Interview] Korea teachers’ fund CIO: interested in equity stake in asset managers’ holding firms

Korea Teachers’ Credit Union (KTCU), which manages 22 trillion won (about $18 billion) of assets, is considering an equity investment in holding compa...

[Editor's Note] Korean investors gearing up to boost overseas alternative assets

“Only free lunch in finance is diversification.”Korean institutional investors, who have seen their assets under management (AUM) snowball...

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