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Cross Ocean Partners Closes its First US Special Situations Fund at $605 Million; Total Capital Commitments Across the Strategy Grow to $885 Million

Cross Ocean Partners Closes its First US Special Situations Fund at $605 Million; Total Capital Commitments Across the Strategy Grow to $885 Million

GREENWICH, Conn., Oct. 9 (Korea Bizwire) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean USSS Fund I (A), its US Special Situations (“USSS”) credit fund, on June 29, 2018.  The fund closed with total aggregate committed capital of c. $605 million, which brings aggregate capital commitments [...]

Cross Ocean Partners Closes its First Aviation Fund at $438 Million

Cross Ocean Partners Closes its First Aviation Fund at $438 Million

GREENWICH, Conn., Oct. 9 (Korea Bizwire) — Cross Ocean Partners, a global asset management firm, announced the successful final closing of Cross Ocean Aviation Fund I on August 20, 2018, with total aggregate committed capital of c. $438 million.  The Aviation Fund attracted a diverse investor base which includes private pension plans, insurance companies, endowments, [...]

Samsung Electronics, SK Hynix Create 200 Million Won Fund for Semiconductor Industry

Samsung Electronics, SK Hynix Create 200 Million Won Fund for Semiconductor Industry

SEOUL, Aug. 22 (Korea Bizwire) – The Korea Semiconductor Industry Association (KSIA) announced today that an investment forum specially devoted to the nurturing of startups and venture capital firms in the semiconductor industry will be launched in the near future. The purpose of the forum is to offer a variety of services such as management [...]

Value of Overseas Investment Funds Soars over Past Year

Value of Overseas Investment Funds Soars over Past Year

SEOUL, Jul. 16 (Korea Bizwire) — The value of South Korea’s overseas investment funds has jumped more than 40 percent over the past year as big-time investors look overseas for high returns despite the recent bull of the domestic stock market, data showed Sunday. According to the data by the Korea Financial Investment Association, the [...]

NPS, Korea’s Biggest Fund, Suffers Heavy Loss in Samsung Stocks

NPS, Korea’s Biggest Fund, Suffers Heavy Loss in Samsung Stocks

SEOUL, Aug. 26 (Korea Bizwire) – South Korea’s state-run pension fund has suffered heavy valuation losses from its investment in two Samsung Group units over the past two months as the stocks have plunged after their merger plan was approved by shareholders last month, data showed Wednesday. The National Pension Service (NPS) — which holds [...]

[Kobiz Stats] Annual Rate of Profit of Variable Insurance Funds in Korea

[Kobiz Stats] Annual Rate of Profit of Variable Insurance Funds in Korea

[Related Article]  Insurance Companies Are Losing Money in Variable Funds (Korea Bizwire, April 16) Variable life insurance funds, the bread-and-butter of life insurance companies, are recording a very low rate of return. Over the last year, their average yield was 0.81 percent with about 40.6 percent of the funds having recorded deficit. On April 15, [...]