Samsung Asset Management Company, Ltd. (Seoul)
Samsung Asset Management Company, Ltd. is a large advisory firm based in Seoul. It manages $207.89 billion of regulatory assets for 1,106 client accounts. It has been registered with the SEC as an adviser since 2012.
Samsung Asset Management Company provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Samsung Asset Management Company: assets under management
The assets under management (AUM) of Samsung Asset Management Company, Ltd. is $207.89 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 131% since the beginning of its operation, and $207.89 billion of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in sovereign bonds the most. They account for 66% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 3% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Samsung Asset Management Company, Ltd. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Gyu Ho Jo serves?
The firm provides services to insurance companies, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and sovereign wealth funds and foreign official institutions. The largest group of clients of Gyu Ho Jo is insurance companies with 19 clients and $132.47 billion of assets under management. Among the 12 most similar advisory firms, Samsung Asset Management Company has the highest percentage of insurance companies out of all clients.
The amount of regulatory assets under management is $207.89 billion for 707 clients. 100% of the firm’s clients are foreign persons or businesses.
Samsung Asset Management Company also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.
Careers at Samsung Asset Management Company, Ltd.
The company employs 305 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Gyu Ho Jo has been acting as President since 1 Jun 2012. Ju Hhyeon Ryu joined the executive team most recently as the Director.
Direct owners and executive officers
Based in Seoul
The principal office where Samsung Asset Management Company, Ltd. performs its advisory services is located at 11, Seocho Daero 74 Gil, Seoul, 06620, which is also the mailing address of the firm. The firm also has an office outside of the United States.
You can reach the main office by calling the phone number 82-2-3774-7554 or by fax 82-2-3774-7645. The normal business hours are 8:00am - 5:00pm (kst) on Monday - Friday. You can find more information about the New York firm at eng.samsungfund.com/.
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