Samsung Asset Management Selected as Preferred Negotiator for Pension Fund Investment Pool Lead Manager
Managing 25 Trillion KRW, Appointed Lead Manager for 6 Consecutive Times
Operating a 50 Trillion KRW Fund Including Pension Investment Pool
[Asia Economy Reporter Minji Lee] Samsung Asset Management announced on the 15th that it has been selected as the weekly fund manager for the pension fund investment pool managing assets worth 25 trillion won for the sixth consecutive time.
According to the Ministry of Economy and Finance and the Public Procurement Service websites, in the weekly fund manager selection process held on the 14th, Samsung Asset Management received a bid price score of 9.7173 and a technical evaluation score of 81.0978, achieving a total score of 90.8151, and was selected as the preferred negotiation candidate. This reflects the impact of continuously being selected as the weekly fund manager for over 20 years since the system was first introduced in 2001, which helped enhance its management capabilities. If Samsung Asset Management successfully completes the negotiations, it will be responsible for weekly fund management until the end of 2025.
The pension fund investment pool system is designed to improve the expertise in managing funds of small-scale pension funds and public institutions by pooling funds from about 80 institutions. The current management scale is approximately 35 trillion won, of which Samsung Asset Management manages 25 trillion won.
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A Samsung Asset Management official explained, “The Outsourced Chief Investment Officer (OCIO) business currently manages about 100 trillion won, and as the proportion increases not only in pension funds but also in private sectors such as universities, it is the most competitive business area. Samsung Asset Management is recognized for its capabilities by managing about 50 trillion won in total, including 25 trillion won from the pension fund investment pool and 23 trillion won from the industrial accident compensation fund, which it has managed consecutively twice.”
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