Korean SWF targets 19% exposure to alternatives

The sovereign fund plans to increase its allocation to alternative investments by 2020.

Korea Investment Corporation (KIC) plans to increase its exposure to alternative assets by 5 percent over the course of two years, bringing its total exposure to 19 percent, its newly appointed chief executive officer, Heenam Choi, has said.

The move comes as the fund plans to achieve higher risk-adjusted returns from alternative investment assets with low correlation to public markets, according to Choi.