Fri, Aug 28, 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. Commodities - Commodity hedge funds lose most in three years as rout deepens, Funds bet on Shell deal as oil prices plunge[more]

    Commodity hedge funds lose most in three years as rout deepens From Bloomberg.com: Hedge funds betting on commodities lost the most in almost three years in July as the price-rout deepened. Funds lost money for a third month, according to the Newedge Commodity Trading Index, which was re

  2. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  3. JTC acquires Kleinwort Benson’s fund administration business[more]

    Bailey McCann, Opalesque New York: JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa. The transaction, which relates to the whole of K

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner