Aberdeen Standard wins $120 mn SMA mandate of Korea scientists fund
Jan 27, 2018 (Gmt+09:00)
Korea Scientists and Engineers Mutual-aid Association (SEMA) has selected Aberdeen Standard Investments to manage its first separately managed account (SMA) of multi-asset strategy of around $120 million, according to SEMA.
The $4.5 billion savings fund had issued the request for proposal on the mandate in late October.
“By investing in the SMA of multi-asset strategy, we’d like to share information on global portfolio research and seek co-investment opportunities,” a SEMA source was quoted as saying by Yonhap Infomax on Jan. 25.
Aberdeen Standard manages £583 billion ($830 billion) of assets.
It is the asset management arm of Standard Life Aberdeen plc which was formed by the merger of Aberdeen Asset Management and Standard Life plc. in August 2017.
London-based Newton Investment Management, part of BNY Melllon, was picked as the reserve negotiator, in case SEMA fails to agree on detailed terms with Aberdeen Standard.
Edited by Yeonhee Kim
Photo: Getty Images Bank
16 HOURS AGO
Apr 24, 2024 (Gmt+09:00)
Apr 21, 2024 (Gmt+09:00)
Apr 18, 2024 (Gmt+09:00)
Apr 16, 2024 (Gmt+09:00)