Overview
A. Firm Description
ANDA Asset Management Co., Ltd. (“ANDA”) is a corporation incorporated in South Korea
(“Korea”) on August 18, 2011. ANDA Investment Partners Co., Ltd. (“ANDA Partners”), a
corporation incorporated in Korea, owns 45.42% of ANDA’s outstanding shares, and 41.62%
of ANDA’s outstanding common shares is owned directly by Kwon Uk Choi, who, together
with his family members, owns 100% of the issued and outstanding common shares of ANDA
Partners. 10 individuals own 12.41% of ANDA’s outstanding shares. ANDA owns the
remaining 0.55% of its own shares.
ANDA commenced its investment advisory business when it became registered with the
Financial Services Commission of Korea (“FSC”) on November 22, 2011. ANDA was licensed
by the FSC to manage private funds open only to qualified investors on February 5, 2014 and
renewed such license on October 26, 2015.
B. Types of Advisory Services Offered
ANDA provides investment advisory services on Korean equities on a discretionary basis.
Also, ANDA manages or advises various onshore or offshore privately placed pooled
investment vehicles (“Private Funds”) and separately managed accounts (“Managed
Accounts”).
C. Tailoring Investment Advisory Services
Private Funds: ANDA advises the Private Funds in accordance with each Private
Fund’s investment objective, strategy and guidelines as set out in the private placement
memorandum (“PPM”) of each Private Fund. The investment objective, strategy and
guidelines for each Private Fund are unique to each Fund, and are not tailored to the
individual needs of any particular investor. All Private Fund investors are reminded to
consider whether an Private Fund meets their own individual investment objectives and
risk tolerance.
Managed Accounts: ANDA tailors its investment advisory services to the individual needs
of Managed Account clients through customizing the investment objective, strategy and
guidelines of each client mandate. Clients may impose certain restrictions on investing in
certain securities or types of securities. The mandate of each Managed Account is
documented in the respective investment advisory agreements / sub-investment management
agreements.
D. Wrap Fee Programs
ANDA does not participate in any wrap fee programs.
E. Assets Under Management
As at the end of March 2023, ANDA had assets under management of approximately USD 1.1
billion.