Fri, Jun 23, 2017
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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to