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KIC says still premature to invest in cryptocurrencies 6 HOURS AGO ENG NPS’　Kim　Jun-geun　(second　from　left),　KIC s　Yoon　Sunghyun　(second　from　right)　and　Korea　Post s　Lee　Su　Jin　(right) The Korea Investment Corp. (KIC) is keeping an eye on cryptocurrencies as some famed hedge fund managers began investing in the virtual asset, but it is still premature for the sovereign wealth fund to invest in them, its senior manager said on Wednesday. Yoon Sunghyun, senior director of the KIC s absolute returns group, said that the world s noted hedge fund managers capped their bitcoin holdings to around 1% of total assets. That could mean cryptocurrencies serve only as a hedging tool against inflation, rather than a meaningful investment asset.

United statesSouth koreaSu jinCholla namdoPaul tudor jonesYeonhee kimYoon sung hyunBill ackmanRay dalioNational pension serviceKorea investment corpKorea investmentMiddle easternKorea economic dailyTudor investmentBridgewater associates