The Hedge Fund Association (HFA) has appointed Robert Kim, global advisor for Alternative Summit Korea, and Raymond Kang, chief executive of Prodigy Capital Management, as Korea Chapter regional co-directors.
The pair will focus on developing educational programmes with unique content and high level networking opportunities.
Their inaugural Korea Hedge Fund Roundtable for established fund managers, top-tier Korean institutional investors and Korean financial regulatory leaders is scheduled for 6 November 2014 at The Westin Chosun Hotel in Seoul, Korea.
“Following the 2012 launch of HFA’s Asian presence in Beijing and Shanghai, China, we welcome this expansion to Korea, led by two well-respected industry professionals,” says HFA president Mitch Ackles.
The Korea-based hedge fund community, comprised of approximately 20 firms, estimated at USD2.7 billion assets under management as of 30 June, is expected to grow significantly in the next two years based on research by the Alternative Summit Korea team within The Korea Economic Daily. Major Korean institutional investors each managing approximately USD2 billion to USD435 billion are reportedly in various stages of activating hedge fund investment mandates.
From a global perspective, there are just 12 Korea-dedicated hedge funds and approximately USD2 billion of hedge fund assets under management are allocated to Korea as of August 2014, according to data provided by Eurekahedge.
“I am honoured to serve as HFA’s new regional co-director and eager to collaboratively develop educational programmes for the Korean alternative investment community by leveraging my industry experience, strategic relationships and contacts,” says Kim.