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This $9.1 Billion Korean Fund Is Eyeing Europe Student Housing

  • $9 billion South Korean pension fund also looking at Australia
  • ‘It’s the thirsty man who digs the well,’ POBA’s CIO says
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Student housing in Europe and Australian infrastructure are luring global funds out of their comfort zone, as a South Korean manager of local government employee savings joins peers around the world getting creative overseas in search of better returns.

Institutional investors from Seoul to New York are increasingly on the prowl for alternative assets, as low interest rates at home make it harder to meet promised payouts. In the latest example, South Korea’s Public Officials Benefit Association is considering putting money into a fund that invests in student housing in Europe along with other globally prominent pension managers, according to Chief Investment Officer Jang Dong-hun.