May
18
Korea’s $6.2 Billion Army Fund Seeks American CLOs in Yield Hunt
ByA South Korean soldiers’ welfare fund is seeking risky U.S. debt investments and foreign property as it looks abroad for higher returns.
Military Mutual Aid Association, which manages 6.8 trillion won ($6.2 billion), is targeting such assets to help lift its overseas investments to 30 percent of holdings from 20 percent. It’s adding more U.S. collateralized loan obligations and was among a group buying German warehouses last month…
Korea’s $6.2 Billion Army Fund Seeks American CLOs in Yield Hunt
