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Korea SWF To Boost Alt Investments

Korea Investment Corporation is aiming to boost its alternative investments.

Korea Investment Corporation (KIC) is aiming to boost its alternative investments, Reuters reports. The $46 billion sovereign wealth fund of South Korea will seek to invest in areas, such as commodities and private equity.

KIC has allocated a majority of assets to stocks and bonds and is seeking to diversify its investments from dollar-based assets. The fund has acquired a stake in Singapore-listed commodities company Noble Group for $104 million.

Click here for the story from Reuters.

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