SkyBridge Capital and Woori I&S Announce Strategic Partnership
|July 8th, 2013||
|SkyBridge Capital (SkyBridge), a research-based alternative investment firm headquartered in New York, and Woori Investment & Securities (Woori I&S), headquartered in Seoul, South Korea, today announced a strategic partnership that will allow for the distribution of SkyBridge's hedge fund products throughout Korea and other regions in Asia. In conjunction with the partnership, Woori has also allocated capital to a SkyBridge fund of hedge funds vehicle. |
Representing every type of market participant from large institutional investors to individual retail investors, SkyBridge manages or advises on approximately $7.9 billion in assets as of April 30, 2013. This agreement further solidifies the firm's 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.
Woori I&S offers a broad range of financial services, including wealth management, investment banking and prime brokerage. With client assets of W148.9tn, Woori I&S serves its clients through its more than 117 domestic branches in Korea and 13 overseas offices and subsidiaries.
"Investors in this region are seeking to diversify portfolios to include more alternative investment options," said Eun Soo Kim, head of global division for Woori I&S. "We believe that SkyBridge's thoughtful, thematic investment strategy and high-conviction approach to alpha generation will help us to provide our clients with a high-quality hedge fund investment option."
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