Korea’s Teachers’ Pension to set up overseas team

The Teachers’ Pension fund in Korea is seeking to set up a dedicated overseas investment team and may allocate to global hedge funds by the end of this year. The $11 billion fund, one of two managers set up to manage the retirement savings of Korean teachers, confirms its long-term goal is to in-source all investments. Park Min-Ho, appointed as chief investment officer last year, reveals that the fund has plans to make structural changes based on its need to expand exposure into…