NPS to mull responsible investment system for alternative investments

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NPS to mull responsible investment system for alternative investments - Korea Economic Daily

Quick Summary:

NPS plans to mull introducing a policy that prefer private equity firms with responsible investment policies when the state-run pension fund selects asset managers for its alternative investments, according to its filing to South Korea’s public sector management information disclosure system on Thursday.“Regarding the application of responsible investment strategies to alternative investment asset classes, NPS will consider the applicability of the law and the specificity of alternative investment asset classes, reviewing the specific method and timing of introduction,” NPS said.

NPS seeks to reinforce responsible investment policies internally by providing incentives to asset managers with such policies when hiring and monitoring managers for alternative investments, which include real estate, infrastructure and private equity.

NPS is facing risks of massive losses as the pension fund invested 612.1 billion won in Homeplus.“We are considering incentives for investment firms with responsible investment policies to select external asset managers after the National Assembly requested.