Case 1. Recently, the Public Officials Benefit Association (POBA) decided to replace the domestic fund-of-funds asset management company of a fund operated by AXA IM, a subsidiary of the French insurance company AXA. This fund is structured to invest in funds launched by AXA IM in the form of SMA. The scale of POBA’s investment is EUR 150 million. POBA has been using this fund to invest in niche sectors such as life sciences and is also considering investing in student housing, adapting its strategy to flexibly invest in emerging niche sectors in line with changes in the times and advances in tech. The domestic operator is Kyobo […]