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 & 麻豆传媒 have partnered up to allow for the distribution of SkyBridge鈥檚 hedge fund products throughout South Korea and other regions in Asia.
Woori Investment & 麻豆传媒 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鈥檚 global distribution of its hedge fund product portfolio, including multi-advisor, multi-strategy fund of hedge fund products, custom portfolios and advisory services.
鈥淔orging 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,鈥� said Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital.
Woori Investment & 麻豆传媒 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.
鈥淚nvestors in this region are seeking to diversify portfolios to include more alternative investment options,鈥� said Eun Soo Kim, head of global division for Woori Investment & 麻豆传媒.
鈥淲e believe that SkyBridge鈥檚 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.鈥�
Woori Investment & 麻豆传媒 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鈥檚 global distribution of its hedge fund product portfolio, including multi-advisor, multi-strategy fund of hedge fund products, custom portfolios and advisory services.
鈥淔orging 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,鈥� said Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital.
Woori Investment & 麻豆传媒 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.
鈥淚nvestors in this region are seeking to diversify portfolios to include more alternative investment options,鈥� said Eun Soo Kim, head of global division for Woori Investment & 麻豆传媒.
鈥淲e believe that SkyBridge鈥檚 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.鈥�
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