Multi Asset Global Investments, part of Korea’s
Mirae Asset Financial Group, has rolled out its first offering of hedge funds since redirecting its business focus to the alternative investment field, the company said Thursday.
The launch came after the Seoul-based Multi Asset beefed up investment professionals to build a more specified, alternative-investment portfolio, catering to investors seeking mid-risk, mid-return investments.
Formerly KDB Asset, Multi Asset was acquired by Mirae Asset earlier this year in a package deal with KDB Daewoo Securities.
Following the acquisition, the firm changed its name and retooled itself to a niche player strong in alternative investment management.
The three hedge funds launched will invest in global and local assets, with a target return of 8 percent to 12 percent, the company said.
By Lee Sun-young (
milaya@heraldcorp.com)