Mirae Asset Global Investments (USA) LLC

Mirae Asset Global Investments (USA) LLC provides sub-advisory and investment management services primarily to pooled investment vehicles and institutional clients, including U.S. ETFs and non-U.S. funds, and also manages separately managed accounts and private investment funds. Like many managers in this category, it is compensated primarily through asset‑based advisory fees.

The firm uses a team-based, bottom-up research approach for equity selection and a top-down approach for fixed income, acting within the investment guidelines of each fund when serving as sub-manager to ETFs and foreign funds. For its Private Funds, the adviser participates in sourcing, monitoring and disposing of investments, with a stated focus on technology-sector private equity (venture capital) and real estate opportunities.

Compared with many peers, Mirae Asset USA’s business mix is notable for servicing investment companies (including sub-management arrangements with Global X and non‑U.S. SICAVs) while also maintaining affiliations with broker‑dealers and commodity activities (it is an exempt commodity pool operator), relationships the brochure says are governed by internal policies to address potential conflicts. The firm also serves as adviser and, through affiliated general partners, may receive carried interest on Private Funds and may invest in or place trades with affiliated funds and broker‑dealers, all subject to the adviser’s trade‑allocation, proxy and compliance procedures; its discretionary AUM is roughly $5.8 billion.