All posts tagged "Optimus Asset Management"
-
413Crypto / Digital AssetsKorea: New FSC, FSS Chiefs to Prioritise Stability, Growth
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
June 21, 2022 -
729EnforcementKorean Broker and Bank Penalised Over Optimus Mis-selling
NH Investment & Securities cannot sell new private equity funds for three months. Hana Bank cannot be appointed as a fund trustee for three months.
March 4, 2022 -
732Enforcement
FSC Korea Cancels Business Licence of Optimus Asset Management
The FSC has also fined Optimus and ordered board member removals, over "numerous counts of violations and inappropriate fund management activities".
November 26, 2021 -
261Enforcement
Korea FSC Extends Optimus Suspension for Six More Months
A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021 -
398Enforcement
NH 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 -
307Capital / LiquidityKorea 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 -
382EnforcementKorea 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 -
745Enforcement
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 -
941Korea
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 -
726Enforcement
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
