First South Korean Hedge Funds Expected This Week

Dec 19 2011 | 1:10pm ET

South Korea will join the global hedge fund industry this week with the launch of the country's first dozen or so local vehicles.

The country's Financial Services Commission has reviewed the applications of 13 assets managers in recent weeks. Most of them are expected to launch their first hedge funds this month or early next month, with the first expected on Friday.

Hedge funds have been technically legal in South Korea since 2009. But it wasn't until the FSC this year loosened restrictions on the asset class that it became feasible for large asset managers to actually launch hedge funds.

Among the firms applying for permission are BNP Paribas, KB, Korea Investment, Kyobo, Mirae Asset, Samsung and Woori.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...