A Sharpe Learning curve
Pension and insurance provider the Korean Teacher's Credit Union has used its $14 billion in assets to buy such innovative instruments as Sharpe notes. But they do not always live up to expectations, especially in difficult markets. By Joe Marsh
Like many pension and insurance providers, the Korean Teachers' Credit Union (KTCU) does not always find it easy to match its assets to its liabilities. The company provides savings, retirement-benefit and life insurance products, and runs various businesses for its members, including hotels, golf clubs and recreational facilities.
KTCU manages 14 trillion Korean won ($14 billion) in assets, most of which are securities such as stocks, bonds and beneficiary certificates, says Taebok Kang, Seoul
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