Seoul prime broker distributes SkyBridge hedge fund products
12 July 2013 Seoul
Image: Shutterstock
SkyBridge Capital, a research-based alternative investment firm located in New York, and Seoul-based Woori Investment & Securities have partnered up to allow for the distribution of SkyBridge’s hedge fund products throughout South Korea and other regions in Asia.
Woori Investment & Securities has also allocated capital to a SkyBridge fund of hedge funds vehicle.
SkyBridge manages or advises on approximately $8.2 billion in assets, and the agreement is hoped to boost the firm’s global distribution of its hedge fund product portfolio, including multi-advisor, multi-strategy fund of hedge fund products, custom portfolios and advisory services.
“Forging a partnership of this kind with one of the largest securities firms in [South] Korea underscores our commitment to provide alpha-centric hedge fund solutions to a broad, global investor base, as well as shows increased appetite for this type of product among investors in Asia,” said Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital.
Woori Investment & Securities offers a range of financial services, including wealth management, investment banking and prime brokerage. With client assets of 148.9 trillion won, the firm serves its clients through its more than 117 domestic branches in South Korea and 13 overseas offices and subsidiaries.
“Investors in this region are seeking to diversify portfolios to include more alternative investment options,” said Eun Soo Kim, head of global division for Woori Investment & Securities.
“We believe that SkyBridge’s thoughtful, thematic investment strategy and high-conviction approach to alpha generation will help us to provide our clients with a high-quality hedge fund investment option.”
Woori Investment & Securities has also allocated capital to a SkyBridge fund of hedge funds vehicle.
SkyBridge manages or advises on approximately $8.2 billion in assets, and the agreement is hoped to boost the firm’s global distribution of its hedge fund product portfolio, including multi-advisor, multi-strategy fund of hedge fund products, custom portfolios and advisory services.
“Forging a partnership of this kind with one of the largest securities firms in [South] Korea underscores our commitment to provide alpha-centric hedge fund solutions to a broad, global investor base, as well as shows increased appetite for this type of product among investors in Asia,” said Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital.
Woori Investment & Securities offers a range of financial services, including wealth management, investment banking and prime brokerage. With client assets of 148.9 trillion won, the firm serves its clients through its more than 117 domestic branches in South Korea and 13 overseas offices and subsidiaries.
“Investors in this region are seeking to diversify portfolios to include more alternative investment options,” said Eun Soo Kim, head of global division for Woori Investment & Securities.
“We believe that SkyBridge’s thoughtful, thematic investment strategy and high-conviction approach to alpha generation will help us to provide our clients with a high-quality hedge fund investment option.”
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