New JV Brings Alts Products To Korean Investors

Feb 26 2008 | 10:04am ET

Korea Investment Holdings and Atlas Capital Management have formed K-Atlas Advisors, a Singapore-based alternatives manager, and have launched their first fund. The K-Atlas Fund, a multi-strategy offering, gets off the ground with US$100 million, with subsequent rounds of fundraising planned once the initial $100 million is invested.

The joint venture partners intend to create, manage and bring international private equity and hedge fund products to Korean institutional and high net worth investors.

Going forward, K-Atlas plans to introduce a private equity fund focused on Latin America, a global value fund, hedge fund investments in Europe, the Middle East and Africa, a real estate and an endowment product, according to Harry Krensky, chief investment officer of K-Atlas.

The timing of K-Atlas coincides with impending Capital Market Consolidation Act regulatory changes next year, which are expected to alter the investment landscape in Korea.

“As part of a comprehensive strategic initiative synchronized with CMCA, K-Atlas will play a pivotal role in developing and marketing proprietary and exclusive products and services to KIH's institutional and retail client bases," said Chris Lee, newly-appointed CEO of K-Atlas.

KIH's investment banking subsidiary KIS Simon Mun added that the group will consider the new joint venture a success if, in five years, there are 5 trillion Korean won (approximately US$5.3 billion) of assets in K-Atlas platform related funds.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note