Mirae Asset partners with Korea National Open University on endowment management

  • Mirae Asset Global Investments partnered with Korea National Open University on endowment management.
  • The agreement includes strategic asset allocation, investment principles, education and fund-management information exchange.
  • Mirae Asset disclosed the memorandum of understanding on the 3rd, after signing it the previous day.

Mirae Asset Global Investments has partnered with Korea National Open University to support the stable and efficient management of the university’s endowment. The agreement covers investment principles, management direction, information exchange and education, as well as strategic asset allocation (SAA), the long-term mix of asset classes reflecting investment goals and risk levels. Mirae Asset said its outsourced chief investment officer (OCIO), an external institutional investment-management function, expertise will support the framework’s development.

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