Sat, Jul 4, 2015
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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner