Korea Times- With deregulation planned for the capital market, securities firms find that setting up hedge funds is tantamount to expanding overseas for further growth.
What better way is there than to “kill two birds with one stone” by setting up ventures overseas and providing prime brokerage services to hedge fund and equity investors?
Korea Investment Holdings, the parent group of Korea Investment & Securities, said the company and Atlas Capital Management (a U.S-based investment manager) established a joint venture ¯ K-Atlas Advisors ¯ in Singapore. The firm launched an alternative investment product, the K-Atlas Fund, for domestic clients.
“As part of a comprehensive strategic initiative synchronized with the Capital Market Consolidation Act, K-Atlas will play a pivotal role in developing and marketing proprietary and exclusive products and services to the company’s institutional and retail client bases," said Chris Lee, the newly appointed chief executive officer of K-Atlas Advisors.
