Key Takeaways
- • IGIS Asset Management, a real estate-focused asset manager, appointed Seo Seongyong, head of its hedge fund management team, as head of its securities division, effective November 1, according to an announcement on October 28.
- • Seo's mandate centers on a "Multi-Strategy Absolute Return" approach that combines liquid and illiquid asset strategies previously handled by the hedge fund team.
- • Cumulative fund commitments under Seo's leadership since 2022 reached around KRW 630 billion through the end of the first half of 2026.
- • The division will expand its marketing staff to deepen sales to institutional investors, general corporations and family offices.
Summary
IGIS Asset Management, a real estate-focused asset manager, has named Seo Seongyong, head of its hedge fund management team, as head of its securities division. The company announced the appointment on October 28, and Seo will assume the post on November 1. The move is intended to strengthen the firm's absolute-return fund lineup and its institutional sales by placing a specialist with experience in both equities and alternative investments in charge of the division.
Seo brings a broad background in asset management. He managed equity funds at the equity management division of Mirae Asset Management, then worked across equities, real assets, private equity funds (PEFs) and venture capital (VC) at the National Pension Service's fund management division. He later established the multi-asset management team at Koramco Asset Management, where he managed funds combining real estate-related assets, including listed REITs, before joining IGIS Asset Management in 2022.
Since joining IGIS, Seo has led what was formerly the multi-asset investment team, now known as the hedge fund management team. Under his leadership, the team built a lineup of funds investing across equities, bonds, initial public offerings, and mezzanine and unlisted stocks. According to the report, cumulative fund commitments grew to around KRW 630 billion from 2022 through the end of the first half of this year.
For the securities division, Seo has outlined "Multi-Strategy Absolute Return" as its direction. The plan organizes strategies for liquid and illiquid assets that the hedge fund team has handled, with the aim of building capabilities across these two pillars. The division will add marketing staff to strengthen sales to institutional investors, general corporations and family offices, while the bond investment team will continue to offer solutions using domestic and international bond assets.
Seo said the division would "manage volatility while pursuing absolute returns" and aim to become "an asset manager trusted by institutional clients" through multi-strategy approaches spanning liquid assets and private deals.
Seo brings a broad background in asset management. He managed equity funds at the equity management division of Mirae Asset Management, then worked across equities, real assets, private equity funds (PEFs) and venture capital (VC) at the National Pension Service's fund management division. He later established the multi-asset management team at Koramco Asset Management, where he managed funds combining real estate-related assets, including listed REITs, before joining IGIS Asset Management in 2022.
Since joining IGIS, Seo has led what was formerly the multi-asset investment team, now known as the hedge fund management team. Under his leadership, the team built a lineup of funds investing across equities, bonds, initial public offerings, and mezzanine and unlisted stocks. According to the report, cumulative fund commitments grew to around KRW 630 billion from 2022 through the end of the first half of this year.
For the securities division, Seo has outlined "Multi-Strategy Absolute Return" as its direction. The plan organizes strategies for liquid and illiquid assets that the hedge fund team has handled, with the aim of building capabilities across these two pillars. The division will add marketing staff to strengthen sales to institutional investors, general corporations and family offices, while the bond investment team will continue to offer solutions using domestic and international bond assets.
Seo said the division would "manage volatility while pursuing absolute returns" and aim to become "an asset manager trusted by institutional clients" through multi-strategy approaches spanning liquid assets and private deals.
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