Korea's GEPS plans offshore alternatives push
The Government Employees Pension Service will raise its foreign alternatives allocation, which may include more private equity exposure and its first offshore hedge fund investments.
Korea’s Government Employees Pension Service (GEPS) plans to diversify its overseas alternatives allocations, with an eye to boosting its private equity exposure and making its first step into offshore hedge funds.
As part of its global push, the retirement fund this week signed a memorandum of understanding with Towers Watson. The consultancy will provide research and assessment on global investment opportunities in alternatives and assist in the due diligence process.
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