Barings targets new launches after Korea buyout
The UK fund house sees appetite for emerging market exposure, particularly China, and multi-asset allocation after completing its acquisition of SEI Asset Korea.
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UK-based Baring Asset Management is looking to launch new products for Korean institutional and retail investors after completing its acquisition of SEI Asset Korea.
Having been announced last August, the deal was expected to go through by the end of last year, as reported, but was only finalised last Friday, March 29.
The new entity, Baring Asset Management Korea, now has $7.4 billion in AUM and 49 staff, led by chief executive Thae Sum Khwarg. Barings notes the whole opera…
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