Korea's retail investors will soon have an opportunity to invest in a hedge fund product. Citibank plans to distribute a product managed by Samsung Investment Trust Management Company based on Chicago-based Hedge Fund Research's global index. To date, hedge funds have only been available in Korea on a private placement basis.
Last year's Asset Management Business Act allowed onshore fund products to include derivatives against stocks, bonds, commodities and indices. That has paved the way for innovative products that are now making their way through the pipeline.
Um Tae-jong, CIO and COO for global products and investments at Samsung ITMC, says his team will provide an absolute-return international equity strategy...
