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The world’s third-largest public pension is reorganising its six alternative investment management teams into three divisions, but compensation of internal staff will likely be unchanged.
The country’s public pension scheme has committed a total of $265m to two domestic funds.
The country’s investors are expanding overseas, with Europe attractive from a currency perspective. But they want GPs who put in the effort and come with the right products.
The UK asset manager plans more “bespoke renewables portfolios” in partnership with institutional investors across the globe.
The two companies have agreed to pay $1.2bn for ADT Caps, South Korea’s second-largest security services provider.
The country’s institutional investors will increase infrastructure allocations this year, but currency risk is steering them away from US investments.

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