Launch of Hanguk Bond Investment Management, Entry into Hedge Fund Market
[Asia Economy Reporter Minji Lee] Korea Bond Investment Advisory, the country's first bond-specialized investment advisory firm, announced on the 16th that it will enter the hedge fund market. Korea Bond Investment Advisory completed the registration process for a professional private equity investment business earlier this month and changed its company name to Korea Bond Investment Management.
Korea Bond Investment Advisory was established in December 2010 and received investment advisory business approval in 2011, and additionally registered for discretionary investment management in 2014. Currently, its assets under custody are approximately 700 billion KRW for investment advisory and about 500 billion KRW for discretionary investment management, with equity capital at around 12.8 billion KRW.
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Kim Hyung-ho, CEO of Korea Bond Investment Management, stated, “In the low-interest-rate era, demand for various bond investments such as corporate bonds and mezzanine continues to increase, but there is a shortage of specialized management firms that can provide advice on these bonds.” He added, “Korea Bond Investment Management aims to contribute to improving market efficiency by entering the hedge fund market and presenting beneficial investment strategies to both issuers and investors in this situation.”
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