South Korean sovereign wealth fund Korea Investment Corporation (KIC) is partnering with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge funds, according to a report in the Korea Economic Daily.
The agreement will see SGI and Korea's Tongyang Life Insurance Co jointly invest USD20 million in KIC’s USD300 million joint venture with Korea’s National Agricultural Cooperative Federation (NongHyup) and the National Federation of Fisheries Cooperatives (Suhyup).
KIC, NongHyup and Suhyup invested USD150 million, USD100 million and USD50 million in the JV when it was established last November.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More
