Wed, Mar 4, 2015
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. Outlook - Philippe Jordan predicts 'alternative beta' to displace hedge funds, Stan Druckenmiller says Europe, Japan stocks will outpace U.S.[more]

    Philippe Jordan predicts 'alternative beta' to displace hedge funds From Investordaily.com.au: The disappointing performance of hedge funds in recent years is a result of "too much money chasing too little alpha", argues Capital Fund Management. Speaking to InvestorDaily, CFM partner Phi

  2. Investing - Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched, Myriad hedge fund sold bulk of its Alibaba stake last year[more]

    Seth Klarman of Baupost outlines his investment process as major stock market indices are stretched From Valuewalk.com: As hedge fund manager Seth Klarman, leader of the $28 billion Baupost Group, reviews 2014 performance and considers investors gained near 7 percent on the year, he cons

  3. Investing - As rig count falls, hedge funds pile into long crude futures, Parus tactically shifts long/short exposure ratios, Mario Draghi outflanking Kuroda as bearish euro bets surge, Prime Capital’s 500.com bet derailed after 41% drop[more]

    As rig count falls, hedge funds pile into long crude futures From 247wallst.com: In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and 1,430 a year ago. Including 281 other rigs mostly drill

  4. Opalesque Exclusive: dbSelect’s top ten FX strategies average almost 10% in January[more]

    Benedicte Gravrand, Opalesque Geneva: In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unf

  5. Opalesque Exclusive: SEC’s Mark J. Flannery warns hedge funds against valuation misconduct[more]

    Komfie Manalo, Opalesque Asia: Securities and Exchange Commission chief economist and director of Division of Economic and Risk Analysis (DERA) Mark J. Flannery has warned of the risks posed by market misconduct, particularly in the true valuation of assets by hedge fund managers. In his