NPS curbs public downturn risk with alternatives

Korea’s National Pension Service (NPS) is set to expand and refine its allocation to alternative investments in order to diversify and shield the pension fund’s overall performance from public market fluctuations. NPS had committed W204.4 trillion won ($156.7 billion) to alternative investments as of end 2021, up 32.7% from the previous year, the NPS said on August 12. The world’s third-largest pension fund managed W912.4 trillion as of end May 2022, with 14.4% invested in alterna…