All posts tagged "Optimus Asset Management"
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117EnforcementNH Investment Asked to Fully Compensate Optimus Investors
An FSS arbitration panel has advised NH Investment to pay full compensation to two investors for failing to properly explain the risks of Optimus funds.
April 9, 2021 -
209Capital RegulationKorea Raises Capital Requirements at Private Equity Funds
The minimum required capital will be raised from 100mn to 300mn won. Private equity funds with high leverage will need 500mn won.
February 4, 2021 -
281EnforcementKorea FSS Identifies More Fraud, Bribery at Private Equity Firms
The FSS said it will impose sanctions on companies identified as being engaged in such practices, including to refer cases for criminal prosecution as needed.
January 5, 2021 -
589Enforcement
Korea FSS Estimates Optimus Fund Losses Could Reach $300m
The FSS has estimated that 160bn won of investor funds has vanished and only up to 15% of the remaining 350bn won could be recoverable.
November 12, 2020 -
720Korea
Korea to Amend Law to Protect Private Equity Fund Investors
The revisions will enhance oversight and risk assessment of private equity funds, and prevent illiquid funds from being marketed to retail investors.
October 2, 2020 -
517Enforcement
Korean Prosecutors Raid KEB Hana Bank over Optimus Fund Mis-selling
Prosecutors are looking to determine whether the bank purchased privately placed bonds under Optimus’ request or instruction.
October 1, 2020 -
1.5KKorea
Korea: FSS to Probe Frozen Notes Linked to Singapore, Hong Kong
The FSS reportedly wants to determine why redemptions in some structured notes linked to Singapore trading firms have been frozen.
August 10, 2020 -
1.5KEnforcementS. Korean Regulators Apologise for Private Fund Losses
The FSC has meanwhile released new administrative guidance on private funds, aimed at strengthening supervision of the sector.
July 31, 2020 -
764EnforcementKorea FSS Formally Launches Probe Into Private Funds Industry
Any misconduct detected during the probe will be referred to prosecutors and follow-up efforts will be made to protect investors. The probe is expected to continue until 2023.
July 21, 2020 -
913KoreaKOFIA Chair Vows to Restore Trust in Hedge Fund Industry
KOFIA will prevent moral hazard in the hedge fund industry by providing consulting services and strengthening the role of prime brokers, intermediaries and fund managers in monitoring efforts.
July 17, 2020
