Exponential Asset Management, unstoppable growth with its IPO fund
Exponential Asset Management, unstoppable growth with its IPO fund
Exponential Asset Management, unstoppable growth with its IPO fund
Exponential Asset Management, unstoppable growth with its IPO fund
broad
2022. 3. 23.
22. 3. 23.
Net profit increased 5 times compared to the previous year... Performance from managed funds and proprietary investment
Net profit increased 5 times compared to the previous year... Performance from managed funds and proprietary investment
Net profit increased 5 times compared to the previous year... Performance from managed funds and proprietary investment
Net profit increased 5 times compared to the previous year... Performance from managed funds and proprietary investment
The artificial intelligence quant expert house Exponential Asset Management significantly boosted its performance last year through public offering investments. It saw a large increase in performance fees and disposal gains as a result of decisively investing in funds and proprietary assets in the IPO market. Based on the rebound in performance, it plans to expand into advisory and discretionary businesses.
According to the industry on the 22nd, Exponential Asset Management's net profit last year was 3.1 billion won. This is almost five times the amount from 661 million won a year ago. This marks the highest performance ever since its establishment in 2017. Exponential Asset Management has been steadily increasing the size of net profits every year since turning a profit in 2019.
During the same period, operating profits increased nearly sixfold to 3.8 billion won. Operating revenue increased threefold to 5.4 billion won from 1.8 billion won a year earlier, while operating expenses were limited to a 43.6% increase to 1.6 billion won, resulting in an unusually large operating profit margin.
Fund business and proprietary investment drove overall performance. Last year, Exponential Asset Management accounted for 2.2 billion won in performance fees from fund management and earned 0.8 billion won in entrusted fees, bringing in a total of 3.1 billion won in management fees alone. This figure is almost three times higher than the previous fiscal year.
As of the end of last year, Exponential Asset Management was managing a total of 39 funds. During the same period, the balance of these funds was 123.4 billion won. Last year, the number of funds increased by 12 and the balance increased by 68 billion won. This is the first time Exponential Asset Management's balance has exceeded 100 billion won.
The effect of new funds targeting the public offering market was significant. In the second half of last year, Exponential Asset Management introduced successive funds such as 'Exponential Solution No. 2' and 'Exponential REITs Income No. 1'. These funds attracted hundreds of billions of won from the market and contributed to expanding the house's volume.
'Exponential Solution No. 2' aimed to achieve an annual return of around 10% by diversifying investments into existing IPO-focused funds while independently participating in IPO deals. After its establishment in July of the previous year, the cumulative return rate by the end of the year was 11%.
The performance of proprietary asset investments also benefited greatly from the IPO market. It realized a significant amount of capital gains through indirect investments in public offerings, accounting for 1.7 billion won in securities disposal gains. In 2020, Exponential Asset Management's securities disposal gain was only 244 million won, which grew nearly sevenfold in one year.
Last year, it participated in large-scale IPOs such as Krafton, KakaoBank, KakaoPay, Hyundai Heavy Industries, and Lotte Rental, which led to an increase in return rates and consequently expanded management fees and proprietary asset performance. An industry insider said, "Last year's industry growth was heavily influenced by the market."
The artificial intelligence quant expert house Exponential Asset Management significantly boosted its performance last year through public offering investments. It saw a large increase in performance fees and disposal gains as a result of decisively investing in funds and proprietary assets in the IPO market. Based on the rebound in performance, it plans to expand into advisory and discretionary businesses.
According to the industry on the 22nd, Exponential Asset Management's net profit last year was 3.1 billion won. This is almost five times the amount from 661 million won a year ago. This marks the highest performance ever since its establishment in 2017. Exponential Asset Management has been steadily increasing the size of net profits every year since turning a profit in 2019.
During the same period, operating profits increased nearly sixfold to 3.8 billion won. Operating revenue increased threefold to 5.4 billion won from 1.8 billion won a year earlier, while operating expenses were limited to a 43.6% increase to 1.6 billion won, resulting in an unusually large operating profit margin.
Fund business and proprietary investment drove overall performance. Last year, Exponential Asset Management accounted for 2.2 billion won in performance fees from fund management and earned 0.8 billion won in entrusted fees, bringing in a total of 3.1 billion won in management fees alone. This figure is almost three times higher than the previous fiscal year.
As of the end of last year, Exponential Asset Management was managing a total of 39 funds. During the same period, the balance of these funds was 123.4 billion won. Last year, the number of funds increased by 12 and the balance increased by 68 billion won. This is the first time Exponential Asset Management's balance has exceeded 100 billion won.
The effect of new funds targeting the public offering market was significant. In the second half of last year, Exponential Asset Management introduced successive funds such as 'Exponential Solution No. 2' and 'Exponential REITs Income No. 1'. These funds attracted hundreds of billions of won from the market and contributed to expanding the house's volume.
'Exponential Solution No. 2' aimed to achieve an annual return of around 10% by diversifying investments into existing IPO-focused funds while independently participating in IPO deals. After its establishment in July of the previous year, the cumulative return rate by the end of the year was 11%.
The performance of proprietary asset investments also benefited greatly from the IPO market. It realized a significant amount of capital gains through indirect investments in public offerings, accounting for 1.7 billion won in securities disposal gains. In 2020, Exponential Asset Management's securities disposal gain was only 244 million won, which grew nearly sevenfold in one year.
Last year, it participated in large-scale IPOs such as Krafton, KakaoBank, KakaoPay, Hyundai Heavy Industries, and Lotte Rental, which led to an increase in return rates and consequently expanded management fees and proprietary asset performance. An industry insider said, "Last year's industry growth was heavily influenced by the market."
The artificial intelligence quant expert house Exponential Asset Management significantly boosted its performance last year through public offering investments. It saw a large increase in performance fees and disposal gains as a result of decisively investing in funds and proprietary assets in the IPO market. Based on the rebound in performance, it plans to expand into advisory and discretionary businesses.
According to the industry on the 22nd, Exponential Asset Management's net profit last year was 3.1 billion won. This is almost five times the amount from 661 million won a year ago. This marks the highest performance ever since its establishment in 2017. Exponential Asset Management has been steadily increasing the size of net profits every year since turning a profit in 2019.
During the same period, operating profits increased nearly sixfold to 3.8 billion won. Operating revenue increased threefold to 5.4 billion won from 1.8 billion won a year earlier, while operating expenses were limited to a 43.6% increase to 1.6 billion won, resulting in an unusually large operating profit margin.
Fund business and proprietary investment drove overall performance. Last year, Exponential Asset Management accounted for 2.2 billion won in performance fees from fund management and earned 0.8 billion won in entrusted fees, bringing in a total of 3.1 billion won in management fees alone. This figure is almost three times higher than the previous fiscal year.
As of the end of last year, Exponential Asset Management was managing a total of 39 funds. During the same period, the balance of these funds was 123.4 billion won. Last year, the number of funds increased by 12 and the balance increased by 68 billion won. This is the first time Exponential Asset Management's balance has exceeded 100 billion won.
The effect of new funds targeting the public offering market was significant. In the second half of last year, Exponential Asset Management introduced successive funds such as 'Exponential Solution No. 2' and 'Exponential REITs Income No. 1'. These funds attracted hundreds of billions of won from the market and contributed to expanding the house's volume.
'Exponential Solution No. 2' aimed to achieve an annual return of around 10% by diversifying investments into existing IPO-focused funds while independently participating in IPO deals. After its establishment in July of the previous year, the cumulative return rate by the end of the year was 11%.
The performance of proprietary asset investments also benefited greatly from the IPO market. It realized a significant amount of capital gains through indirect investments in public offerings, accounting for 1.7 billion won in securities disposal gains. In 2020, Exponential Asset Management's securities disposal gain was only 244 million won, which grew nearly sevenfold in one year.
Last year, it participated in large-scale IPOs such as Krafton, KakaoBank, KakaoPay, Hyundai Heavy Industries, and Lotte Rental, which led to an increase in return rates and consequently expanded management fees and proprietary asset performance. An industry insider said, "Last year's industry growth was heavily influenced by the market."
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Background removal technology applied in ALSee Capture, like the smooth design of ESTsoft AI technology and ALTools products,
provides the utility environment that users want.
WE WORK WITH AI
We believe that AI makes
the world more convenient
and safer
1.
Senior care with AI
AI senior care service that takes responsibility for seniors' Fun and cognitive enhancement with AI human technology
2.
Education with AI
Celebrity instructor video lecture creation, TOEIC speaking education content production, as a fitness training instructor
Expansion of educational businesses in various fields such as AI content
3.
Content with AI
Implementing 'moving pictures' with EST AI technology, 'face transformation, makeup application, and clothing creation' through deep learning
Creating and utilizing various AI human content such as new employee analysts, announcers, etc.
4.
API business with AI
We provide data and solutions utilizing AI through APIs to enable companies to focus on their inherent customer value.
5.
Software with AI
Background removal technology applied in ALSee Capture, like the smooth design of ESTsoft AI technology and ALTools products,
provides the utility environment that users want.
WE WORK WITH AI
We believe that AI makes the world more convenient and safer
1.
Senior care with AI
AI senior care service that takes responsibility for seniors' Fun and cognitive enhancement with AI human technology
2.
Education with AI
Celebrity instructor video lecture creation, TOEIC speaking education content production, as a fitness training instructor
Expansion of educational businesses in various fields such as AI content
3.
Content with AI
Implementing 'moving pictures' by applying EST AI technology, producing various AI human contents such as 'face transformation, makeup application, and clothing creation' for new employees including analysts and announcers, and utilizing them
4.
API business with AI
Companies can focus on their inherent customer value by providing data and solutions using AI
as an API.
5.
Software with AI
Background removal technology applied in ALSee Capture, like the smooth design of ESTsoft AI technology and ALTools products,
provides the utility environment that users want.
WE WORK WITH AI
We believe that AI makes the world more convenient and safer
1.
Senior care with AI
AI senior care service that takes responsibility for seniors' Fun and cognitive enhancement with AI human technology
2.
Education with AI
Expansion of educational businesses in various fields, such as the establishment of celebrity lecture video courses, production of TOEIC speaking educational content, and AI content as a fitness training instructor
3.
Content with AI
Implementing 'moving pictures' with EST AI technology, 'face transformation, makeup application, and clothing creation' through deep learning
Creating and utilizing various AI human content such as new employee analysts, announcers, etc.
4.
API business with AI
We provide data and solutions utilizing AI through APIs to enable companies to focus on their intrinsic customer value.
5.
Software with AI
Background removal technology applied in ALSee Capture, like the smooth design of ESTsoft AI technology and ALTools products,
provides the utility environment that users want.
LET'S Connect
We collaborate with ambitious brands and people around the world.
To learn more about creating digital experiences that effectively reach and engage customers and target audiences, please contact us.
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CEO: Sangwon Jung
Business Registration Number 229-81-03214 Mail-Order Business Notification Number 2011-Seoul Seocho-1962
EST Building, 3 Banpo-daero, Seocho-gu, Seoul (Postal Code)06711
Family Site
ⓒ EST. 2024
LET'S Connect
We collaborate with ambitious brands and people around the world.
To learn more about creating digital experiences that effectively reach and engage customers and target audiences, please contact us.
Download Company Brochure
CEO: Sangwon Jung
Business Registration Number 229-81-03214 Mail-Order Business Notification Number 2011-Seoul Seocho-1962
EST Building, 3 Banpo-daero, Seocho-gu, Seoul (Postal Code)06711
Family Site
ⓒ EST. 2024
LET'S Connect
We collaborate with ambitious brands and people around the world.
To learn more about creating digital experiences that effectively reach and engage customers and target audiences, please contact us.
Download Company Brochure
CEO: Sangwon Jung
Business Registration Number 229-81-03214 Mail-Order Business Notification Number 2011-Seoul Seocho-1962
EST Building, 3 Banpo-daero, Seocho-gu, Seoul (Postal Code)06711
Family Site
ⓒ EST. 2024
LET'S Connect
We collaborate with ambitious brands and people around the world.
To learn more about creating digital experiences that effectively reach and engage customers and target audiences, please contact us.
Download Company Brochure
CEO: Sangwon Jung
Business Registration Number 229-81-03214 Mail-Order Business Notification Number 2011-Seoul Seocho-1962
EST Building, 3 Banpo-daero, Seocho-gu, Seoul (Postal Code)06711
Family Site
ⓒ EST. 2024