Thu, Jul 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Skybridge enters South Korea market through partnership with Woori

Wednesday, July 10, 2013

Benedicte Gravrand, Opalesque Geneva:

A U.S. alternative investment firm and a Korean financial group are partnering to allow the distribution of hedge fund products throughout Korea and other regions in Asia.

The U.S. firm in question is Skybridge Capital, which is headquartered in New York and manages around $8.2bin in assets under advisement or management. And the Korean firm is one of the country’s largest securities firms, Seoul-based Woori Investment & Securities (Woori I&S), a core subsidiary of the Woori Financial Group, one of the largest financial groups in Korea. Woori I&S offers various financial services including wealth management, investment banking and prime brokerage, with clients assets of Won148.9tln, 117 domestic branches and 13 overseas branches.

Skybridge is among the first hedge fund houses to tap into the South Korean market. On top of the partnership, Woori is also allocating capital in one of Skybridge’s hedge funds.

"Forging a partnership of this kind with one of the largest securities firms in Korea underscores our commitment to provide alpha-centric hedge fund solutions to a broad, global investor base, as well as shows increased appetite for this type of product among investors in Asia," said Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital, in the announcement.

"Invest......................

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 - Hedge fund CQS favors structured credit, Direct lending funds' fading all-weather appeal, Funds hunt for cracks in most-prized US shopping malls[more]

    Hedge fund CQS favors structured credit From BArrons.com: A hedge fund manager that can invest across the investment landscape says in his latest semi annual report this week that he's finding opportunities in structured credit -- particularly the shorter term, floating rate kind. Exampl

  2. Launches - Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle, Jersey players institutionalize first regulated crypto-currency hedge fund[more]

    Bitcoin hedge fund launches ethereum-subscribed ICO investment vehicle From Coindesk.com: The operators of a regulated, Jersey-based bitcoin hedge fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fun

  3. SWFs - China Wealth fund backs TPG lender as part of U.S. property push[more]

    From Bloomberg.com: China Investment Corp., the sovereign wealth fund that controls $814 billion in assets, is betting on U.S. real estate by investing in a commercial real estate lender formed by the money management firm TPG. In conjunction with last week's initial public offering of TPG RE Financ

  4. Months to minutes: Enigma launch aims to boost crypto hedge fund creation[more]

    From Coindesk.com: What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an e

  5. Seward & Kissel launches new compliance service[more]

    Bailey McCann, Opalesque New York: The law firm that formed the first hedge fund - Seward & Kissel - has launched a new compliance service for asset managers. Seward & Kissel Regulatory Compliance, or SKRC, offers full-scale regulatory compliance consulting solutions provided by the firm's attor