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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note