LB Asset Management Creates KRW 100 billion Blind Fund LB Asset Management has partnered with KFCC and Hana Securities to create a blind fund worth KRW 100 billion. The investments are subordinated loans and equity funds. KFCC invested KRW 90 billion in first-class preferred stocks, and LB Asset Management and Hana Securities invested KRW 10 billion in the remaining two common stocks. The investment targets are domestic development and commercial real estate. This blind fund will be used to invest in assets with high investment value such as data centers, offices, and hotels to aim for high excess returns. KFCC has raised its alternative investment ratio from the mid-20% range […]