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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR