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Alternatives

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NPS changes CIO with the domestic book still heavy

Asset Owners

18 Sep 2026

NPS changes CIO with the domestic book still heavy

Lee Kyu-hong takes the National Pension Service’s chief fund officer seat on 14 September. Domestic equities were 29.1 per cent of financial assets at the end of June, above a target the committee had already raised to 20.8 per cent. The 2026 plan is unchanged.

GPIF vs NPS: Two Giant Policy Mixes, Two Different Problems for Managers

Asset Owners

16 Sep 2026

GPIF vs NPS: Two Giant Policy Mixes, Two Different Problems for Managers

Japan’s Government Pension Investment Fund continues to operate a four-box listed policy mix, with alternatives limited to 5 per cent inside those boxes. Korea’s National Pension Service has written a 14 per cent alternatives allocation, including private debt, into its 2026 plan. The two funds sit in the same regional coverage universe. Their mandates do not.

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