Jae-Hoon Cho

Hungkuk AM is an active, team-based, GARP-oriented manager which pursues a sector-rotating, instrument-specific investment process and constructs diversified portfolios. For stocks, the firm conducts quantitative and qualitative industry-specific analysis. They perform company visits and utilize a combined bottom-up and top-down approach to select stocks. The fund manager makes the sell decision. For bonds, Hungkuk AM employs investor-specific asset allocation, balancing top-down and bottom-up approaches. While the management is team-based, selling is executed by a specialist trader, in accordance with the firm's principle: 'best price, best execution'. The firm tends to concentrate on high-yield bonds, taking an active position. For private equity funds, they seek to invest in mid-cap, value firms.