Wed, Jul 27, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  4. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New

  5. SWFs - Abu Dhabi wealth fund says long-term investment gains fell[more]

    From Bloomberg.com: The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015. The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier, it said in its annual review. Over