IGIS Asset Management said on the 17th that rumors of the National Pension Service pulling its money are not true. The company said it received an official position from the National Pension Service that there is no asset recovery under review in connection with the sale of the controlling shareholder's equity in IGIS Asset Management.
IGIS Asset Management said in a press reference that "we recently received the official position through working-level staff at the National Pension Service," adding, "since the selection of the preferred bidder, there has not been a single newly reviewed or pursued asset recovery case."
It said claims raised by some of "the National Pension Service's asset recovery" stem from a misunderstanding of the ordinary sale process for assets nearing fund maturity. The assets currently under discussion are ▲ funds with less than a year remaining until maturity, or ▲ funds on a short-term extension on the premise of sale after maturity.
It also drew a line against interpretations of "asset transfer" regarding the National Pension Service convening multiple managers. According to IGIS Asset Management, the National Pension Service said, "the recent convening of blind fund managers is a routine regular inspection process conducted for seven delegated managers (GPs)."
It said the purpose is to check the status of asset management personnel and future management plans for funds previously committed by the National Pension Service, and that it is unrelated to any asset transfer.
An IGIS Asset Management official said, "we are communicating transparently with the National Pension Service as an asset manager and an institutional investor regarding fund management," adding, "normal asset management is proceeding in accordance with previously agreed procedures."