Tue, Oct 24, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad