Forsyth Wins Follow-On Investment Mandate From Korean Firm

Jun 25 2007 | 11:00am ET

Forsyth Partners has made a follow-on deal with the Korea Development Bank Asset Management Company in which the bank will invest US$10.35 million in one of Forsyth Partners’ fund of hedge funds—The Forsyth Alternative Income Fund. 

The Forsyth Alternative Income Fund was established in March 2003 and invests in a diversified portfolio of hedge fund strategies and managers with a bias towards fixed income.  Since launch the fund has returned 38.60% total and 3.82% year-to-date.

The deal follows KDB Asset’s initial agreement with Forsyth Partners in March 2007 and other Korean asset managers’ previous deals with Forsyth Partners in 2005 and 2006 for the total of US$25 million. The investments form part of two Korean pension funds and one Korean Life Insurance Company portfolio.

Ki-Won Suh, chief investment officer of alternative investments at the Korea Development Bank Asset Management said, “This further deal with Forsyth Partners highlights our good relationship with them and our belief that the Forsyth Alternative Income Fund can continue to provide us with an important part of our portfolios.”

In related fund news, Forsyth has launched two new share classes for its Alternative Income Fund.  The front end loaded AD and AR share classes were launched on May 31 and are available in USD.  The new share classes are being offered in conjunction with the existing R and D share classes.

The initial offer period for both share classes is from May 31 to June 29.

 


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…