Sunday, 26 March 2017
Last updated 1 day ago
Apr 29 2008 | 11:05am ET
Singapore-based HANRiver Capital will offer its debut hedge fund in July, seeking to take advantage of market volatility in Korea.
The nascent firm’s long/short offering will invest exclusively in Korean equities, according to Asian Investor. The firm expects to raise US$30 million at launch, increasing its size to US$50 million within a year. It will charge a 2% management and a 20% performance fee.
About half of the new fund’s investors are expected to be Korean pension funds, while the other half will be foreign investors.