Mirae Asset Global Investments is joining hands with Korea National Open University to push for efficient management of the university fund and to advance its asset management system.
Mirae Asset Global Investments said on the 3rd that it signed a memorandum of understanding (MOU) with Korea National Open University on the 2nd at the university's smart conference room to advance asset management for the university fund. The event was attended by Lee Byeong-seong, head of the OCIO institutional sector at Mirae Asset Global Investments, President Kim Jong-o of Korea National Open University, and other key officials.
The agreement was made to combine the two institutions' know-how in finance and education to support systematic management of the fund and to expand education and information exchange in finance and asset management.
Going forward, the two institutions will collaborate in various institutional sectors, including establishing investment principles and direction for efficient management of the university fund; education and information exchange to enhance expertise in fund management; and setting a strategic asset allocation (SAA) that reflects mid- to long-term goals and risk levels.
Mirae Asset Global Investments ranked first in last year's reevaluation for lead manager of the Ministry of Planning and Budget's pension fund investment pool. It also placed first this year in the evaluation of dedicated managers for the housing & urban fund, solidifying its position in Korea's OCIO market. Backed by its know-how in managing and advising on a wide range of institutional funds, including national funds, public institutions, and university funds, it supports long-term asset management.
Lee Byeong-seong, head of the OCIO institutional sector at Mirae Asset Global Investments, said, "Based on the OCIO expertise accumulated through managing and advising various institutional funds such as the Ministry of Planning and Budget's pension fund investment pool, the Ministry of Land, Infrastructure and Transport's housing & urban fund, and the school foundation Pohang University of Science and Technology, we plan to actively support the advancement of the asset management system at the national university Korea National Open University," adding, "We will be a trusted partner that provides long-term investment principles to enhance the stability and profitability of the university fund."