Mirae Asset Global Investments has partnered with Korea National Open University to support systematic management of the university's endowment.
Mirae Asset Global Investments said on the 3rd that it signed a memorandum of understanding with Korea National Open University the previous day on the stable and efficient management of the university endowment and the upgrading of its asset management framework. The two institutions agreed to draw on their respective expertise in finance and education to improve the endowment's management framework and to expand education and information exchange in finance and asset management.
Under the agreement, the two sides will cooperate on setting investment principles and management direction for systematic and efficient endowment management, on information exchange and education to raise the efficiency and expertise of fund management, and on support for establishing strategic asset allocation (SAA) that reflects mid- to long-term investment goals and risk levels.
"Based on the outsourced chief investment officer (OCIO) expertise we have accumulated through managing and advising on a wide range of institutional funds, we plan to actively support the upgrading of Korea National Open University's asset management framework," said Lee Byung-sung, head of the OCIO division at Mirae Asset Global Investments. "We will be a partner that provides long-term investment principles to enhance both the stability and the returns of the university endowment."
