'Specialized Hedge Fund' NH Hedge Asset Management Launches

NH Hedge Asset Management held its launch ceremony on the 6th in Yeouido, Yeongdeungpo-gu, Seoul. From the second person on the left, Kim Kwang-soo, Chairman of NH Nonghyup Financial Group; Lee Dong-hoon, CEO of NH Hedge Asset Management; Jung Young-chae, CEO of NH Investment & Securities. (Photo by NH Investment & Securities)

[Asia Economy Reporter Kum Bo-ryeong] NH Investment & Securities' hedge fund specialist management company held its launch ceremony.

NH Hedge Asset Management announced that it held the launch ceremony on the 6th in Yeouido, Yeongdeungpo-gu, Seoul.

NH Hedge Asset Management is a specialized private equity management company spun off from NH Investment & Securities' hedge fund division. Since its launch on December 27 last year, it has been managing the 'NH Absolute Return Fund' worth 700 billion KRW and the 'NH Pre-IPO Mezzanine Fund' worth 60 billion KRW. The 'NH Absolute Return Fund' is the largest single fund among domestic hedge funds. It is the only hedge fund managed by receiving investments exclusively from institutional investors.

The event was attended by Kim Kwang-soo, Chairman of NH Nonghyup Financial Group; Jung Young-chae, CEO of NH Investment & Securities; Lee Gu-chan, CEO of NH Nonghyup Capital; Bae Young-hoon of NH-Amundi Asset Management; Lee Chang-ho of NH Futures; and Seo Cheol-soo, CEO of NH Nonghyup REITs Management.

Lee Dong-hoon, CEO of NH Hedge Asset Management, said, "We will pioneer the hedge fund market as an alternative investment to meet the increasing alternative investment demand from institutional investors," adding, "We will grow the NH Absolute Return Fund to over 1 trillion KRW in scale and attract investments from overseas institutional investors and family offices to become a leading global hedge fund management company."

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