'First Generation of Value Investing' Heo Nam-kwon, CEO of Shin Young Asset Management, Steps Down

Heo Nam-kwon, who was appointed as CEO in 2017 and led Shin Young Asset Management for seven years, is stepping down from his position.

According to the financial investment industry and Shin Young Securities on the 6th, Heo will relinquish his CEO position next month and transition to an advisory role.

Heo has been with Shin Young Asset Management since its founding in 1996. He served as head of the asset management division and CIO before becoming CEO in May 2017. Alongside Lee Chae-won, chairman of Life Asset Management, and Kang Bang-cheon, former chairman of Asset Plus Asset Management, he is regarded as a 'first-generation value investment' manager. He developed flagship funds such as Shin Young Marathon Equity and Shin Young Value High Dividend Equity at Shin Young Asset Management. He gained recognition by identifying undervalued blue-chip stocks based on performance relative to stock price, waiting for their revaluation, and generating profits.

Fund managers and asset management firms advocating value investing faced difficulties after the COVID-19 pandemic as the domestic stock market experienced concentration in certain sectors. As they recorded returns below investor expectations, their assets under management steadily declined.

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