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

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…