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CIO defends KIC over stigma of Merrill losses

Leigh Powell
Choo Heung Sik, CIO at Korea Investment Corporation, says continued references to the fund's failed $2bn stake are blind to its progress since. He outlines big alternatives plans and structural changes.
CIO defends KIC over stigma of Merrill losses

The new CIO of Korea Investment Corporation has leapt to the sovereign fund’s defence, decrying the negative stigma attached to its loss-making investment in Merrill Lynch as unrepresentative of its achievements.

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