Korea’s PMAA eyes new asset types, hires and outsourcing
The Police Mutual Aid Association is to raise its allocation to foreign alternatives and stocks with a view to strongly boosting returns. It is mulling hiring BlackRock and Pimco to run bond portfolios.
South Korea's Police Mutual Aid Association is set to increase its exposure to foreign alternatives and stocks and to boost its manager research capabilities in a bid to raise its target return over time to 6% from its current 3.37%.
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