Hong Kong 7th January 2008 – HFG Investments Pte Ltd, a Singapore-based joint venture established last year between Hana Daetoo Securities Co. Ltd, a member company of the Hana Financial Group, and Opvs Investment Holdings Ltd, launched its inaugural fund on December 3rd.
The HFG Korea Fund Ltd. aims to provide global investors the opportunity to participate in a range of actively managed Korea-focused funds through a vehicle that seeks to limit risk while achieving consistently superior returns, targeted at over 12% per annum. 3A Asia Limited, the Hong Kong-based arm of alternative asset management firm 3A SA, which is a subsidiary of Geneva-based SYZ & CO, has been appointed as the Fund’s investment advisor.
“The HFG Korea Fund reflects a trend towards specialization in strategy and region-specific fund of funds”, stated Thomas Picard, Managing Partner of HFG Investments. "This offering provides investors a more diversified means of allocating to Korea than any other fund of which I am aware. For the first time those seeking to obtain Korea exposure can do so without the time and difficulty of conducting due diligence on single managers while providing immediate access to the country.”
“We are extremely excited about the launch of this product”, added Jennifer Carver, CEO of 3A Asia Ltd. “The Korean hedge fund market has been growing dramatically in recent years and the HFG Korea Fund creates the ideal opportunity for global investors to either establish or expand their exposure to Korea. We expect HFG to receive significant demand for this product.”
HFG Investments Pte Ltd is represented by Mr. Sean Kang and Mr. Jake Kang, Executive Directors of Strategic Planning and Institutional Sales, respectively, for Hana Daetoo Securities, and Mr. Tommy Kim, Managing Director of Opvs Investment Holdings as directors of the company. The Board is joined by Mr. Thomas Picard, former Lehman Brothers Asia head of Derivative Marketing and Head of Asia Sales at the Royal Bank of Scotland.
