The National Pension Service (NPS) has revealed that it hired another 15 overseas alternative investment managers in 2020, after having difficulties with the investment category due to the effects of the Covid-19 pandemic.
It is focusing on overseas managers that have shown successful track records.
The pension fund now has a total of 162 overseas alternative investment managers, up 10.2% from the total of 147 managers reported at the end of 2019.
NPS had invested 90.7 trillion won in alternatives, or 10.9% of the total fund for financial investment, as of December 2020. The fund is diversifying its investment in alternative assets, including real estate, infrastructure and private equities. The aim is for alternatives to comprise around 15% by 2025. (Reporting by Hyewon Chang)