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Korean PEFs 2020 investments, exits at record highs

Korean PEFs 2020 investments, exits at record highs
kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.

Teachers fund nets about $155 mn from Aberdeen s PPP projects

Full resumption of in-person classes triggers debate

Full resumption of in-person classes triggers debate
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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

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