Sat, May 28, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit