Saturday, 23 August 2014
Last updated 16 hours ago
Jan 17 2012 | 12:05pm ET
Millennium Management is poised to be the first foreign player in the hedge fund industry's newest territory.
The New York-based firm is in talks with South Korean regulators about opening a local affiliate, the Yonhap News Agency reports. While no official application has been made, one is expected soon and approval could come as early as this month.
Hedge funds have technically been legal in the country for almost three years, but did not become practically possible until last month. South Korea's Financial Services Commission—the agency that Millennium is working with—has approved nine local firms to begin offering hedge funds.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note