WSJ – Korea Investment Corp., South Korea’s US$30 billion sovereign wealth fund, is close to investing US$200 million into two funds that invest in distressed real estate, Kyungoh Kook, director of KIC’s alternative investment team, said in an interview Thursday.

“Do we see opportunities in distressed transactions? Yes, there are good investments in the U.S. and Europe, but we are cautious because we don’t have much expertise” in that area, he said.

Separately, Kook said that KIC is also looking to invest more in natural resources and commodities, sectors that serve as a good hedge against inflation. The sovereign wealth fund is interested in making direct investments in the space, ranging between $100 million to $500 million, he said.

Read Complete Article

Tags: hedge, sovereign wealth fund