From FINalternatives, news of the build up of hedge fund platforms in Singapore and in Hong Kong.
As the Asian hedge fund industry rises from the ashes of last year’s huge losses and huge redemptions, a number of Korean financial services firms are hoping to play middleman in the resurgent space.
Kookmin Bank, Industrial Bank of Korea, [...]
In February 2008, Korea Investment Holdings and Atlas Capital Management established K-Atlas Advisors, a Singapore-based manager of alternative investment funds, and the launch of K-Atlas Fund, a Singapore-domiciled alternative investment fund targeting hedge fund and private equity investments.
K-Atlas posted more than 70-percent cumulative return rates for 2008, despite the global economic meltdown.
Tribridge Investment Partners Ltd., a Hong Kong-based hedge fund manager, said Monday it will launch a new fund in August and hired John Liptak, former head of Bank of America Corp’s Asia special situations group, to run it.
The new fund will have a pan-Asia focus and seek to identify mispriced or undervalued securities due to financial [...]
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