(Bloomberg) Samsung Asset Management, the South Korean manager that oversees $1 billion in hedge fund assets, will start a global macro fund next quarter as it seeks to diversify outside of its home market.
The fund, yet to be named, will start with $20 million and seek to profit from broad trends in currency, stock, bond and commodity markets, Yoonho Heo, head of the firm’s hedge fund division, said in an interview in his office in the Jung-gu district in Seoul.
“We have had issues with liquidity in trading Korean stock markets as most of our equity hedge funds only invest in Korean stocks, so we have been preparing the macro fund for a long time,” he said.
