SkyBridge Capital has entered a strategic partnership with South Korea-based Woori Investment & Securities (Woori I&S) pursuant to which SkyBridge’s hedge fund products will be distributed throughout Korea and other regions in Asia.
In addition to the partnership, Woori has also allocated capital to a SkyBridge fund of hedge funds vehicle.
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According to the research-based New York-headquartered alternative investment firm, SkyBridge, the agreement further "solidifies its commitment" to increase global distribution of its hedge fund product portfolio, including multi-advisor, multi-strategy fund of hedge fund products, custom portfolios and advisory services.
Ray Nolte, co-managing partner and chief investment officer at SkyBridge Capital, said: "Forging a partnership of this kind with one of the largest securities firms in Korea underscores our commitment to provide alpha-centric hedge fund solutions to a broad, global investor base, as well as shows increased appetite for this type of product among investors in Asia.
As of 30 April 2013, SkyBridge managed or advised on approximately US$7.9 billion in assets representing every type of market participant from large institutional investors to individual retail investors.
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