Shinhan BNP Paribas seeks more managers for mandates The asset manager mandated to manage the radioactive waste management fund in 2018
Translated by Ryu Ho-joung 공개 2020-04-17 08:00:09
이 기사는 2020년 04월 17일 08:00 thebell 에 표출된 기사입니다.
Shinhan BNP Paribas Asset Management, which manages the radioactive waste management fund on behalf of Korea Radioactive Waste Agency (KORAD), plans to pick more external managers as total assets of the fund are on the rise.Shinhan BNP Paribas Asset Management is looking for additional external managers to run sub-funds of an umbrella fund set up with financial resources from the radioactive waste management fund, sources familiar with the matter said on April 10.
Specifically, Shinhan BNP Paribas Asset Management plans to choose managers to take on two domestic bond mandates, three global bond mandates and two global equity mandates. It closed applications, and is expected to conduct interviews with applicants before announcing the final results on May 20.
Shinhan BNP Paribas Asset Management won a mandate from KORAD to lead the operation of the radioactive waste management fund in July 2018, when it chose 12 managers to manage 10 domestic bond mandates and two global bond mandates.
In September of the same year, Shinhan BNP Paribas Asset Management added nine external managers for equity mandates, which consisted of two passive equity mandates, four active equity mandates and three global equity mandates. It also received proposals from alternative managers last year to get exposure to alternative assets.
The radioactive waste management fund, which was created as prescribed by Article 28 of the Radioactive Waste Management Act enacted in 2008, is managed by KORAD on behalf of the Ministry of Trade, Industry and Energy. The government-backed institution awards a fund mandate, with the mandate guaranteed for three years.
The fund’s surplus for investment increased about 36 percent to 3.45 trillion won last year, from 2.52 trillion won a year earlier. Selecting additional managers, rather than putting more money in existing sub-funds, is seemingly intended to facilitate competition and thereby enhance overall returns.
“We seek to pick new managers, adding to existing external managers currently running sub-funds,” a representative of Shinhan BNP Paribas Asset Management said. “Additional managers will be selected for domestic and global bond mandates and global equity mandates.”
(By reporter Kim Jin-hyun)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 우리금융 "롯데손보 M&A, 과도한 가격 부담 안한다"
- 신한캐피탈, 지속성장 포트폴리오 리밸런싱 체계 강화
- 하나금융, ELS 악재에도 실적 선방…확고한 수익 기반
- 하나금융, 자본비율 하락에도 주주환원 강화 의지
- 국민연금, '역대 최대 1.5조' 출자사업 닻 올렸다
- [도전 직면한 하이브 멀티레이블]하이브, 강한 자율성 보장 '양날의 검' 됐나
- [퍼포먼스&스톡]꺾여버린 기세에…포스코홀딩스, '자사주 소각' 카드 재소환
- [퍼포먼스&스톡]LG엔솔 예견된 실적·주가 하락, 비용 절감 '집중'
- [퍼포먼스&스톡]포스코인터, 컨센서스 웃돌았지만 주가는 '주춤'
- 신한금융, ‘리딩금융’ 재탈환에 주주환원 강화 자신감