{"id":6405,"date":"2007-08-08T00:00:00","date_gmt":"2007-08-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"skorea-hedge-fund-push-faces-doubts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2007\/skorea-hedge-fund-push-faces-doubts.html","title":{"rendered":"S.Korea hedge fund push faces doubts"},"content":{"rendered":"
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Reuters) – South Korea has seen its financial sector’s future, and it’s hedge funds. <\/p>\n

Asia’s fourth-largest economy is seeking to develop homegrown hedge funds, while attracting foreign money managers that would raise its clout as an Asian financial centre. <\/p>\n

This would be a major event in a country that has been highly protective of its companies and fearful that hedge fund trading strategies, which typically include short selling and leveraging bets, will heighten volatility in a market dominated by retail investors. <\/p>\n

But doubts remain over how swiftly regulations will be eased or whether public resentment against hedge funds and a culture of low fees can be overcome. Blow-ups of hedge funds such as at Bear Stearns (BSC.N: Quote<\/a>, Profile<\/a> , Research<\/a>) are unlikely to make the swaying easier. <\/p>\n

Finance Minister Kwon O-kyu last month noted South Korea would draft a road map this year to allow the establishment of locally-incorporated hedge funds, sparking buzz that the government was serious about its goal. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/table>\n

Reuters – South Korea has seen its financial sector’s future, and it’s hedge funds.<\/p>\n

Asia’s fourth-largest economy is seeking to develop homegrown hedge funds, while attracting foreign money managers that would raise its clout as an Asian financial centre.<\/p>\n

This would be a major event in a country that has been highly protective of its companies and fearful that hedge fund trading strategies, which typically include short selling and leveraging bets, will heighten volatility in a market dominated by retail investors.<\/p>\n

But doubts remain over how swiftly regulations will be eased or whether public resentment against hedge funds and a culture of low fees can be overcome. Blow-ups of hedge funds such as at Bear Stearns (BSC.N: Quote<\/a>, Profile<\/a> , Research<\/a>) are unlikely to make the swaying easier.<\/p>\n

Finance Minister Kwon O-kyu last month noted South Korea would draft a road map this year to allow the establishment of locally-incorporated hedge funds, sparking buzz that the government was serious about its goal.<\/p>\n

Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Reuters) – South Korea has seen its financial sector’s future, and it’s hedge funds. Asia’s fourth-largest economy is seeking to develop homegrown hedge funds, while attracting foreign money managers that would raise its clout as an Asian financial centre. This […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6405","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6405"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6405\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}