Why Korea's KIC is speeding up alternatives allocation

The Korea Investment Corporation (KIC) reached $205 billion in assets under management, and is planning to bring its 25% alternatives allocation target forward by two years, a spokesperson confirmed with AsianInvestor. Alternative assets increased to 17.5% of KIC’s total portfolio at the end of 2021, up from 15.3% a year earlier, and posted 8.83% for an annualised return since inception. The annualised return for private equity was 11.33%, with real estate and infrastructure at 7.…