Wed, Jun 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

South Korean regulator steps up efforts to expand domestic hedge fund industry

Monday, August 06, 2012

From Precy Dumlao, Opalesque Asia – South Korea’s market regulator, the Financial Services Commission has introduced several moves that will further boost the nation’s domestic hedge fund industry, it has been reported.

According to AsianInvestor.net, the FSC has lowered the entry barrier in the required assets under management of asset managers that are qualified to operate hedge funds to W1tln ($881m), or 10% of the previous W10tln requirement.

The FSC earlier reduced by 50% the minimum AuM requirement for securities firms to W500bn and for investment advisory companies to W250bn. The regulatory changes are expected to take full effect in November this year.

Last week, the state’s official news agency, Yonhap, reported that South Korea has eased its hedge funds’ regulations to enable asset managers and brokerage houses to put up operations in Seoul faster with the aim of nurturing the related sector.

Under the new regulations, asset managers whose money under management is more than $877.2m will be able to establish hedge funds.

The moves of the FSC are in anticipation of the surge in the country’s local hedge fund industry from institutional investors, it was learned.

In May, Song In-kyuhe former head of real-......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Scientist turned hedge fund founder cuts profitable Aussie short, Pelargos joins hedge funds’ bet on turnaround at Honda, Managers set to cash in on infrastructure debt upswing[more]

    Scientist turned hedge fund founder cuts profitable Aussie short From Bloomberg.com: AE Capital, a hedge fund run by a former atmospheric scientist, trimmed bets against the Australian dollar as it gauges shifts in the world’s two biggest economies. The Australian, Canadian and New Zeala

  2. He's lost £200m in a year - so has Britain's star hedge fund boss Crispin Odey lost his golden touch?[more]

    From Thisismoney.co.uk: ...Odey’s laid-back attitude gave no indication of the turmoil his flagship fund had put investors through. It had tumbled 20 per cent in May – a terrible performance given most of his rivals were in positive territory for the year. Odey’s fund had got into trouble after taki

  3. Comment - If you’re such a great investor, where’s your alpha?[more]

    From Mineweb.com: … They are few and far between. You likely know their names. There is a short list of those who have 1) outperformed; 2) over long periods of time, and; 3) manage substantial sums of money. It’s impressive if you are on that list, but discouraging if you seek to invest institutiona

  4. European fund managers 'dressing up’ track record to gloss on performance[more]

    Komfie Manalo, Opalesque Asia: A new study by global analytics firm Cerulli Associates has found that the problem of 'dressing up' track records by fund managers is getting worse. In its latest issue of The Cerulli Edge - Europe Edition,

  5. Why the equity short bias hedge fund underperformed in April[more]

    From Marketrealist.com: The Barclay Equity Short Bias Hedge Fund returned -0.83% in April 2016. However, on a year-to-date basis, the fund provided a return of 3.4% through April 30, 2016. The equity short bias strategy works best when the Market is in a downturn. From January 2016 to mid-Febr