Fri, May 6, 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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n