Thu, Jul 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Korea’s Woori Assets releases RPF for single hedge fund strategies, including CTA

Monday, July 07, 2014

Komfie Manalo, Opalesque Asia:

South Korea’s Woori Asset Management has called on hedge fund firms across the globe to submit single strategies for a hedge fund of funds mandate. The call for new strategies is in tandem with Woori Investment Securities.

The qualifications for the RFP are:

  • Global hedge fund managers or financial institutions with a hedge fund offering.
  • Each applicant can submit any funds, but each fund is applicable for one strategy
  • If the same fund is submitted by both a manager and a distributor, only the manager’s proposal will be considered
  • The underlying investor is an institutional professional investor;
  • The proposed funds need not be registered in Korea. However, the fund must have or appoint a local placement agent. If a selected manager is without a local placement agent, Woori will provide that service.

In a data sheet released to the media, Woori said it is looking for offshore strategies in the following categories: Equity long/short, credit long/short, event driven (equity), global macro, commodity trading adviser and multi-strategy. For the latter category, only internal-multi-manager/funds of hedge funds are eligible.

Required documents

  • The investment proposal of the firm and the fund
  • English version, Free style format (In-house Marketing materials)
  • Contents should cover investment strategy, portfolio construction process (historical exposure by sub-str......................

    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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  4. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  5. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

 

banner