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Photo: IGIS Asset Management |
[Alpha Biz= Paul Lee] IGIS Asset Management Co., Ltd. announced on December 17 that it has received confirmation from the National Pension Service (NPS) that there are no plans to withdraw entrusted assets.
According to IGIS, NPS clarified that recent claims regarding asset withdrawals were misunderstandings of routine sales procedures for investment assets approaching fund maturity. NPS emphasized that since the selection of the preferred bidder for the acquisition of IGIS’s controlling shareholder stake, “no new or ongoing asset withdrawals are being considered or executed.”
NPS further explained that the recent convening of a blind fund operators’ meeting was part of a standard periodic review conducted with seven entrusted asset managers. The purpose was to review personnel assigned to manage NPS-invested fund assets and to discuss future fund management plans, not to initiate asset recovery.
An IGIS spokesperson stated, “We maintain transparent communication with NPS regarding fund management and investment matters. All asset management activities are proceeding normally according to previously agreed procedures.”
Previously, the financial investment industry reported that NPS had discussed potential recovery of invested funds in relation to IGIS’s major shareholder stake sale, citing concerns that internal information regarding NPS-entrusted assets may have been shared with potential buyers without prior consent.
Currently, the sale of shares held by IGIS’s largest shareholder, Ms. Son Hwa-ja (12.40%), along with financial investors’ stakes, is underway. The foreign private equity firm Hillhouse Investment has been selected as the preferred bidder for the acquisition.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
