Poba blazes trail into insurance-linked securities
The pension fund assigned a $50 million allocation into the alternatives asset class in December, and appointed three companies to operate it.
In its ongoing quest to diversify investments and raise returns, Korea’s Public Officials’ Benefit Association (Poba) appointed three fund houses to invest $50 million into insurance-linked securities (ILSs), and began doing so in early December, becoming the first Korean pension fund to do so, AsianInvestor can reveal.
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