Fri, Apr 20, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its