Korea Teachers’ Pension to add $700 million to global alternative assets by end-2021

Korea Teachers’ Pension plans to make over 10 new commitments at a total amount of about $700 million to blind pool funds at home and abroad for global alternative assets by the end of this year.  To boost alternative assets exposure and to address the low-yield environment, the pension fund will cut holdings in domestic and overseas bonds by 4%, and equities by 6% by the end of 2025.  Lee Kyu-hong “In order to increase the exposures of alternative assets in the mid-long…