As of the end of 2019, Korea Investment Corporation (KIC) manages a portfolio that is 84.4% traditional assets and 15.6% alternative assets, including hedge funds, private equity, real estate and infrastructure.
KIC increased the proportion of alternative investments in its portfolio by $3 billion in 2019 compared to the previous year. As of the end of 2019, KIC manages $24.5 billion in alternative assets.
To achieve higher returns, KIC continues to expand its global network of sovereign wealth funds, pension funds and GPs and explores promising investment opportunities, including co-investments. By the end of December 2019, KIC’s annualized investment return since inception for alternative investments in 2009 was 7.56%.
KIC plans to open a new overseas office specializing in alternative investments this year to further strengthen its local asset management capability and innovate.
KIC achieved a return of 15.39% for the financial year ending December 31, 2019 due to a favorable investment environment, such as accommodative global central bank policy, and enhanced asset allocation capabilities.
* You can download the full version of 2019 KIC annual report from here.