Strict hedge fund rules in Korea hinder market growth
The newly born Korean hedge fund market has made swift progress – but regulatory obstruction makes it difficult for funds to get both clients and prime brokers
Following a three-year gestation period, the Korean hedge fund market burst into life on December 23, 2011. By the end of February 2012, 12 Korean managers had registered 17 funds with a total of $500million of assets under management – and market observers are bullish there is much more to come.
The Korea Institute of Finance estimates that total assets under management (AUM) could hit 13 trillion won ($11.5 billon) in the next two years – on a par with the Japanese market, which has had two
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