AK Partners was established in October 2005 following its spinoff from ADM Capital, with offices in Hong Kong and Seoul. It is wholly owned by its employees and presently has 17 staff. Many of its principals have been working together as a team continuously since 2000.
In June 2006, AK Partners acquired Sun Asset Management Co., Ltd., an established equity portfolio manager and formed a new company, AK Asset Management Co., Ltd. To date, AK Partners has provided portfolio management services to domestic Korean institutional investors and overseas institutional investors.
AK Partners presently has USD 176 million under management or advisement as follows:
- USD 117 million outstanding in the KOROmas Fund Ltd and CORO Voltin Fund Ltd. guaranteed by the Small Business Corporation, a Korean Government entity.
- USD 28 million in non performing lease and credit card receivables, as advisor to the ADM Galleus Fund.
- Approximately USD 31 million for Korean investors in domestic equities, plus the AK Jumong Fund.
AK Partners is licensed with the Hong Kong Securities and Futures Commission as an Asset Manager and with the Korea Financial Supervisory Commission as a Discretionary Investment Manager. The firm has asset management licenses in Seoul and Hong Kong.