Millennium May Be First Western Hedge Fund In Korea

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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…