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Korean teachers fund reaps best return since 2009

Jun-ho Cha 6 HOURS AGO ENG The Korean Teachers Credit Union (KTCU) achieved its highest investment return in 11 years of 10% in 2020, led by substantial gains from domestic equities and from the divestment of Ellie Mae Inc., a US cloud-based platform provider. Last year s return marks its strongest annual result since 2009, amounting to 3.3 trillion won ($2.9 billion) in investment gains for the whole year of 2020, the South Korean retirement fund said on Apr. 2. Domestic equities returned almost 40%, far outstripping the 6.3% from alternative assets. Domestic and overseas stock portfolios outperformed their benchmarks by 8.9 percentage points and 11.6 percentage points, respectively. Among alternatives, its $37.6 million bets on Ellie Mae generated a 67% return, or $153.8 million in proceeds, in just one and a half years. The KTCU had invested in Ellie Mae through a fund of the US-based Thoma Bravo which sold the US software company to the global securities excha

KIC, Korean pension funds in hunt for new CIOs

Mar 17, 2021 (Gmt+09:00) ENG KIC Chief Executive Choi Heenam South Korea s Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth fund Korea Investment Corporation (KIC) and the Military Mutual Aid Association (MMAA) have just kicked off their CIO selection process.  Another retirement fund Korea Scientists & Engineers Mutual-aid Association will likely join them soon to find the successor of CIO Huh Sung-moo whose two-year term is expiring next month. In the second half, the National Pension Service (NPS), which manages $740 billion in assets, is expected to launch the process to replace its CIO Ahn Hyo-joon. Ahn s two-year term was extended to early October of this year.

데일리한국:연기금, 52일만에 순매도 멈췄다

데일리한국:연기금, 52일만에 순매도 멈췄다
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