Word is out that South Korea's massive pension fund is making some significant moves. They've kicked off strategic foreign-exchange hedging operations—and that's not small potatoes. When institutions this size start repositioning, especially through FX hedging, it typically signals concerns about currency volatility or positioning for broader portfolio shifts ahead. This kind of move often precedes notable changes in how global capital flows, which can ripple across multiple asset classes including digital assets. Whether it's inflation concerns, geopolitical tensions, or just prudent risk management, these institutional maneuvers are worth keeping an eye on if you're monitoring where the big money is headed.