On June 1, Multi Asset Global Investments, formerly known as KDB Asset Management, rolled out three hedge funds, the first offering since it was acquired by Mirae Asset Financial Group earlier this year.
The rollout of three hedge funds came as part of Multi Asset Global Investments’ efforts to reposition itself as an asset management firm specializing in mid-risk, mid-return investments.
The three hedge funds will employ global macro, global CB (convertible bond) and multi-strategy strategies respectively. The three seek a low volatility of 6-8% with a target return of 8 percent to 12 percent.
The three hedge funds are a palatable option for investors looking for absolute return funds for protection.
The Multi Asset Always Global Macro Fund, which engages in global macro strategies, will invest in various global assets by analyzing global macroeconomic trends.
The Multi Asset Always Global Macro Fund will employ strategies based on technical analyses, such as asset allocation strategies and momentum strategies. Making a top-down approach, the Multi Asset Always Global Macro Fund will seek steady returns.
The Multi Asset Gateway Global CB Fund consists of global CBs and defends itself against the risk of price markdowns by serving as bonds. When stocks rally, it will convert into shares to seek excess returns.
Drawing on its experience in issuing bonds in the global convertible bond market, Multi Asset Global Investments plans to offer investors rare investment opportunities.
The Multi Asset The Way Multi-strategy Fund, focused on investing in local assets, offers greater stability and less volatility by allocating investor capital across several strategies. Pursuing investment portfolio diversification, the Multi Asset The Way Multi-strategy Fund will seek a return of market interest plus α.
Nam Ki-chun, CEO of Multi Asset Global Investments, said: “We’ve created a hedge fund division staffed with experienced hedge fund professionals. The creation of the hedge fund division marks a shift in our focus to the field of alternative investments.”
Predicting that demand for alternative investment vehicles would rise, Mirae Asset Financial Group plans to nurture Multi Asset into a professional alternative-investment management firm and is pushing for sweeping organizational changes and a retooling of its product lineup.
With the launch of the three hedge funds, Multi Asset will move beyond stock and bonds to invest in a variety of local and global alternative asset classes, such as property, infrastructure, credit, NPL (non-performing loans), etc.