Optimus Fund Nos. 15 and 16 Additional Redemption Suspension Notice... Total Amount Increases to Approximately 68 Billion KRW

[Asia Economy Reporter Park Jihwan] The redemption suspension of Optimus Asset Management's funds, which have caused controversy by incorporating distressed real estate and other assets instead of accounts receivable from public institutions, continues.

According to the financial investment industry on the 24th, Optimus Asset Management sent an official letter to NH Investment & Securities, the distributor, requesting an extension of the maturity for Optimus Creator Funds No. 15 and 16. The combined size of the two funds is 29.7 billion KRW.

Accordingly, the amount of funds with suspended redemptions among those sold by NH Investment & Securities has increased to approximately 68 billion KRW, including the previously suspended Funds No. 25 and 26 last week.

The Optimus Creator Funds attracted investors by introducing that more than 95% of the assets were invested in accounts receivable from public institutions. However, it was revealed that the actual asset incorporation included distressed real estate and marginal companies instead of accounts receivable from public institutions.

Currently, distributors such as NH Investment & Securities have filed complaints with the prosecution against executives and employees of Optimus Asset Management on charges including fraud.

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