NH Hedge Asset Management Operates Contingency Plan Amid COVID-19 Spread

[Asia Economy Reporter Minji Lee] NH Hedge Asset Management announced on the 24th that, in accordance with the 'Business Continuity Plan (BCP)' established to perform minimum essential tasks during emergencies such as disease or disasters, it is stationing a minimum essential number of personnel full-time in a separate workspace apart from the headquarters.

In the separate workspace prepared on the 6th floor of the Yulchon Building in Yeouido, six people (three operational staff, three support staff), including one head of department, are working full-time and performing normal duties remotely. Face-to-face contact with headquarters personnel is strictly limited.

CEO Donghoon Lee stated, "We activated the BCP to prepare for emergencies such as office closures due to the spread of the COVID-19 virus," adding, "Ensuring operational continuity even during emergencies will lead to increased trust with investors."

NH Hedge Asset Management is a subsidiary of NH Investment & Securities and was established through a spin-off in December last year as a specialized private asset management company. It manages the largest domestic hedge fund launched in August 2016 targeting institutional investors (with assets under management of 720 billion KRW) and aims to grow into a global hedge fund managing assets worth over 1 trillion KRW.

This content was produced with the assistance of AI translation services.