Sunday, 31 August 2014
Last updated 1 day ago
Jul 24 2013 | 9:27am ET
Korea's postal service is once again on the lookout for hedge funds.
Korea Post's insurance business has issued a request for proposals for funds of hedge funds managers. The move follows an RFP issued last year by the post office's savings unit to create a pool of hedge fund managers.
KP did not indicate how large a mandate it would award, but previous mandates have been around US$50 million each to one or two firms, a pattern that is expected to continue this time, Asian Investor reports.
The hurdles for would-be managers are high, however: Only multi-strategy funds of funds, with at least US$50 million in assets and run by firms with at least US$2 billion in assets, need apply. Those with less than a five-year track record or a hard lockup should also not bother—KP demands quarterly liquidity, as well as monthly net-asset value confirmation. And firms can each submit only one fund for consideration.
Otherwise, all managers, both Korean and otherwise, are welcome—unless Korea Post Insurance already invests with them. Applications, which are due Aug. 9, can be in either English or Korean. The selection process will come in three stages: A quantitative screening will precede due-diligence, before final selections are made.
Korea Investment Management is advising KP Insurance on the search.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...