Sun, Dec 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Woori and NewAlpha launch Asia hedge fund-focused seeding fund

Monday, November 12, 2012

From Benedicte Gravrand, Opalesque Geneva: - A Singapore-based alternative investment manager and a Paris-based funds incubator are launching a seeding fund to invest in Asian hedge funds, after partnering in June 2011.

Woori Absolute Partners (WAP) is raising a $200m seeding fund with NewAlpha to invest in Asian hedge funds looking for backers, according to a report from Reuters.

NewAlpha just confirmed to Opalesque that the fund has indeed been launched.

WAP announced its strategic partnership with NewAlpha in June 2011. Both firms are both co-seed investors in the Singapore-based Asian credit hedge fund Blue Rice Investment Management and this common investment helped them establish this new venture.

The seeding fund was launched on Nov. 1. The partners are rasing capital from Asian and European investors, after initially injecting $50m into the fund and spending the last 18 months screening more than 150 Asian hedge funds. Two funds could receive around $25m each in the first quarter of 2013.

"This is very much a supply and demand imbalance," Edward Moon, co-founder and CIO of Woori Absolute Partners......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  3. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  4. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans

  5. eVestment: hedge funds extend winning streak[more]

    Bailey McCann, Opalesque New York: Hedge funds marked their 13th consecutive month of positive returns in November with +0.47% average returns for the month, according to the latest Hedge Fund Performance Report from eVestment. Activists, long/short and quant equity strategies are producing