Sovereign Wealth Funds Flexing on Investment Companies

Posted on 06/06/2023

Sovereign wealth funds that have historically resisted direct intervention in investment company management details are now taking a stand. A case in point is Korea Investment Corporation (KIC), of South Korea. KIC is now voting on matters concerning companies it invests in. KIC’s investments and opinions are noticeable, with US$ 183 billion in assets under…

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