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South Korea’s $168 billion sovereign wealth fund is planning to allocate as much as a fifth of its portfolio in alternative assets like tech ventures, as it bets that near-zero interest rates will stay on for a long time. “In the mid-to-long term, our direction is to steadily increase our alternative assets, which are now around 16% (of our portfolio),” Choi Hee-nam, chief executive officer at Ko


To boost that exposure, the fund is planning to open a new office in San Francisco in the next few months so it can invest in Silicon Valley ventures. “Technological infrastructure is no longer something we will need but something we need right now because technology has become a big part of our lives,” he added.

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