South Korea-based hedge fund GVA is ramping up its outreach to family offices, institutional investors, and fund of hedge funds across Asia after launching a Singapore-domiciled variable capital company (VCC) earlier this year, according to a report by CityWire.
GVA, a specialist in Korean markets, is using the VCC – which was established in partnership with Maybank Asset Management – as a strategic hub to tap growing allocator demand in the region. While the firm does not hold a CMS license, it is seeing increasing interest from Asia-based ultra-high-net-worth individuals, private banks, and pension funds, according to Sahyoun Choi, GVA’s global head of business development.
The firm’s flagship Fortress-A Fund, which launched in 2017, focuses on value-driven investments with downside protection in sectors such as entertainment, beauty tech, and medical devices. The fund has returned 11.27% annually as of April 2025 and is the second-largest open-ended hedge fund in Korea, with $220m committed.
GVA currently manages $646m in assets and employs 25 professionals, including 10 investment specialists.
