ALTERNATIVE INVESTMENTSAlternative investments, including real estate, infrastructure and private equity, continued to perform well, with returns surging to 17.09% in 2024 from 5.8% in 2023.“Last year’s decent performance came as a result of our diversified asset allocation strategy and strengthened partnerships with global investment firms,” said NPS Chairman Kim Tae-hyun“We will continue to diversify our domestic and international portfolio, strengthening strategic partnerships with global asset managers and expand our overseas office capabilities.”The state fund’s 2024 performance released on Friday is subject to a final review by a risk management team before the NPS’ Fund Management Committee announces finalized figures around the end of June.
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, said on Friday it posted an all-time high 15% return from its investment activities in 2024, buoyed by a US stock rally and gains from alternative investments.
At last year’s return rate, the state pension fund earned 160 trillion won ($110 billion) in investment gains, with its total assets under management rising to 1,213 trillion won, or $830.3 billion, at the end of 2024.
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