Fri, Jul 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SkyBridge looks to expansion in Asia with Woori strategic partnership

Thursday, July 11, 2013

Bailey McCann, Opalesque New York:

SkyBridge Capital and Woori Investment & Securities have announced a strategic partnership that will allow for the distribution of SkyBridge’s hedge fund products throughout Korea and other regions in Asia. In conjunction with the partnership, Woori has also allocated capital to a SkyBridge fund of hedge funds vehicle.

"We started looking at Woori over two years ago when we began examining ways to expand the business and wanted to increase the awareness of Skybridge in Asia," Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital, tells Opalesque.

SkyBridge Capital has approximately $8.2bn in AUM, historically focusing on the US. The firm also has a product available to retail investors. The retail product has approximately $3.9bn in AUM and has added nearly $1bn this year. Woori Investment & Securities is a core subsidiary of the Woori Financial Group, one of the largest financial groups in Korea.

"We made a number of trips out to Asia and recently launched the SkyBridge SALT Conference in Asia. There is some historic skepticism about hedge funds in that part of the world, but we think the corporate structure and governance in Korea is strong and we are starting to build relationships. We are taking a longer term view of the region and believe demand will continue to build for alternatives," Nolte says.

Through this partnership the firm plans to increase global distribution of its hedge fund ......................

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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge funds, seeing opportunity, invest in struggling hotels in Puerto Rico[more]

    From NYTimes.com: Puerto Rico’s tourism industry has fallen victim to the island’s struggling economy, hit by one misfortune after another. In March, the San Juan Beach Hotel filed for bankruptcy. This week, the Condado Plaza Hilton was forced to close its casino. But nearly two thousand miles away,

  3. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  4. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  5. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

 

banner