Tue, Sep 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Korean hedge fund industry to expand to $2.8bn by 2016

Monday, September 09, 2013

Precy Dumlao, Opalesque Asia:

South Korean hedge funds are expected to grow to at least $2.8bn (three trillion won) by 2016 in tandem with the global growth of the industry, reported Business Korea. The current asset size of the Korean hedge funds space is estimated at $1.4bn (1.5 trillion won).

Shinhan Investment Corporation researcher Sohn Mi-ji, said that Korean hedge funds are expected outperform its counterparts in terms of profits and asset size.

According to the report, a sure sign that things are looking bright for the local hedge funds space was the 25.7% rate of return generated by Brain Asset Management as at end of August. Brain Asset, the first hedge fund of Baekdu, posted an earnings rate of 12.3% in the first eight months of 2013.

Since becoming an asset manager in September last year, Brain now accounts to 33% of the Korean hedge funds market with roughly $458m (500 billion won) in assets, a sharp increase from $192.6m (210.5 billion won) to $482.6m (527.4 billion won) between late last year and late August 2013.

In March, Baekdu it released its second hedge fund called Taebaek that focuses on a sector-by-sector long/short strategy utilizing macro indices. The report quoted Brain Asset as saying, "Our strategy of looking into corporate profits and deciding where to invest based on the growth potentials hit t......................

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali