Khazanah Joins Sovereign Funds’ Expansion Spree: Southeast Asia

When Khazanah Nasional Bhd. announced 2013 returns last month, the Malaysian sovereign wealth fund highlighted its international presence for the first time and plans to continue expanding abroad.

Korea State Fund to Spend Up to $10 Billion on Alternatives

Korea Investment Corp., the nation’s sovereign wealth fund, plans to spend as much as $10 billion to triple its allocation to alternative assets, diversifying its portfolio to smooth the fund’s returns.