Monday, 24 October 2016
Last updated 3 hours ago
Jul 10 2013 | 12:31pm ET
SkyBridge Capital is set to offer its hedge fund products in South Korea, as part of a deal with one of that country's largest financial institutions.
New York-based SkyBridge and Woori Investment & Securities yesterday announced a strategic partnership that will see Woori invest in a SkyBridge fund of hedge funds and provide distribution of SkyBridge products in Korea.
"Investors in this region are seeking to diversify portfolios to include more alternative investment options," Woori I&S global division head Eun Soo Kim said. "We believe that SkyBridge's thoughtful, thematic investment strategy and high-conviction approach to alpha generation will help us to provide our clients with a high-quality hedge fund investment option."
“Forging a partnership of this kind with one of the largest securities firms in Korea underscores our commitment to provide alpha-centric hedge fund solutions to a broad, global investor base, as well as shows increased appetite for this type of product among investors in Asia,” SkyBridge chief investment officer Ray Nolte said. “We are delighted to team up with a world-class player such as Woori and look forward to strategically expanding the relationship over time.”