S. Korea's Hedge Fund Industry Grows Sevenfold
    2012-12-06 15:13:17     Xinhua      Web Editor: Liu Ranran
S. Korea's hedge fund industry has grown sevenfold over the past year since the so-called Korea-style hedge fund was introduced in December 2011, the financial regulator said Thursday.
Audio

S. Korea's hedge fund industry has grown sevenfold over the past year since the so-called Korea-style hedge fund was introduced in December 2011, the financial regulator said Thursday.

Assets managed by homegrown hedge funds reached 1,017.5 billion won (940 million U.S. dollars) in November, sevenfold from 149 billion won in December last year, according to the Financial Services Commission (FSC).

The number of hedge funds rose to 19 last month from 12 in December 2011 when those homegrown hedge funds were licensed for the first time in the country's history.

The regulator said that most hedge funds picked long/short equity as a major management tool, but it noted that local asset managers have been preparing to launch various type of funds that adopt various management strategies such as arbitrage and event- driven.

The long/short equity is an investment strategy of buying stocks that are expected to rise in value together with selling stocks that are projected to fall in value.

The FSC noted that institutional investors such as pension funds will have a great interest in investment into the homegrown hedge funds as the hedge funds can serve as an alternative investment that offer higher investment return amid the protracted trend of low interest rate.

Share

                  


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. All rights reserved. Reproduction of text for non-commercial purposes only is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Audio Reports more »
Biz Life more »
Policy more »
Markets more »

• China
China News
Chinese Press
Diplomatic
Society
Gallery
• World
Asia-Pacific
Europe
Americas
Middle East
Africa
• Video
Traveller
Culture Heritage
Beyond Stardom
Dynamic China

Life 360
Panoramic Sports
• Radio
Highlights
Livecast
Ways to Listen
• Business
Audio
Markets
Editor's Choice
Biz Photo
Special Coverage
• Travel
Destinations
Editor's Pick
What's in
On the Road
• Showbiz
Chinese Films
Music & Stage
Art & Literature
Video
Photo Gallery
Special Coverage
• Language Learning
Ask Pingping and Jules
Chinese Studio
Elementary Chinese
Pop Charts
English News
English Snippets