Korean instos warm to hedge funds

Asian hedge fund allocations appear to be picking up from a low base as mainstream markets turn more volatile, with Korean institutional investors among the latest to heed the siren's call, despite relatively weak recent returns. Korea Post Insurance (KPI) announced earlier this month that it would be looking for overseas hedge fund managers or financial institutions to oversee an additional 50% allocation to their hedge fund investment pool.  KPI is aiming to add around 15 fund…