POBA s Harry Song (second from left), GEPS Ro Seung Hwan (center), MMAA s Jang Eun Ho and Kyobo Life Insurance s Kim Chan Woo
South Korea s Government Employees Pension Service (GEPS), the Public Officials Benefit Association (POBA) and the Military Mutual Aid Association (MMAA) are shifting away from their defensive, core strategy-focused portfolios as they plan to sharply increase overseas real estate investments this year.
The GEPS, with 8.2 trillion won ($7.3 billion) in assets under management, is now looking to diversify into value-added and opportunistic investments, with the POBA raising exposure to non-core assets, their overseas alternative investment heads said on May 12.
The three pension and retirement funds all picked logistics and data centers and residential properties as their preferred asset classes, while shunning hotels and other retail assets that have not yet recovered from the impact of the global pandemic.
CIO PANEL DISCUSSION
Chief investment officers of the Public Officials Benefit Association (POBA: Jang Dong-hun), the Teachers Pension (Lee Kyu-hong) and the Korea Scientists and Engineers Mutual-Aid Association (Huh Sung-moo) will participate in a CIO panel discussion on May 12. Hyundai Marine & Fire Insurance Co. Executive Director Jeon Kyung Chul will accompany them to the discussion.
POBA CIO Jang Dong-hun (second from left), Teachers Pension CIO Lee Kyu-hong (center) and SEMA CIO Huh Sung-moo (far right)
LP PANEL SESSIONS
For the hedge fund segment, three senior managers will share their views in a group discussion: Kim Jun Geun, NPS senior portfolio manager of the private equity and venture capital investment division; KIC s senior director of the alternative investment division s absolute returns group Yoon Sunghyun; and Korea Post s insurance arm Deputy Director of hedge fund investment Su Jin Lee..
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The Niger Delta Development Commission (NDDC), yesterday, disclosed that it will create programmes to empower people living with disabilities (PLWDs), women and youths, as part of measures to end youth restiveness in the region.
Sole Administrator of NDDC, Offiong Akwa, stated this during a meeting with some actors in the creative industry at the commission’s head office in Port Harcourt, Rivers State, assuring that NDDC would continue to create programmes that would address challenges of youths in the region. x
He said the commission attached great importance to partnerships that would enhance the development of youths, women and PLWDs and assured that the commission would not relent in its resolve to introduce programmes that would provide opportunities for youths to excel.