Singapore Firm Plans Korea-Only Hedge Fund

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.


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