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Seoul to host annual meeting of public investment funds next week

The world's largest leading public investment fund operators will be gathered in Seoul next week for a meeting aimed at promoting cooperation between public funds, as well as private equity funds, event organizers said Friday.

The second biannual meeting of the Co-Investment Roundtable of Sovereign and Pension Funds will begin Monday, involving some 170 public and private fund operators, according to the state-run Korea Investment Corp.

The two-day meeting seeks to tackle four major issues that include strategies for effective collaboration between asset owners, managers, businesses and governments.

In an opening session, David McCormick, head of global hedge fund Bridgewater Associates, will offer his views on the future course of the global economy, as well as a range of policy choices that may be imperative to investment fund operators.

He will be followed by John G. Rice, vice chairman of GE, who will jointly discuss strategic alignment between business and investors, according to KIC.

Topics for this year's event also include ways to ensure technological innovation through investment and ways to ensure that capital is invested for the benefit of future generations. (Yonhap)

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