NPS unveils plans to ramp up portfolio team

Korea’s National Pension Service has unveiled plans for an unprecedented increase in its portfolio management team as it moves to raise exposure to global equities and alternative investments. The fund, which has seen its AUM increase to $425 billion as at June this year, has pledged to hire 65 investment managers by July 2015. That would take its in-house portfolio management team to 221, a 42% increase on its present tally of 156. It comes as NPS prepares to relocate its fund …