Korea Times- With deregulation planned for the capital market, securities firms find that setting up hedge funds is tantamount to expanding overseas for further growth.<\/p>\n
What better way is there than to “kill two birds with one stone” by setting up ventures overseas and providing prime brokerage services to hedge fund and equity investors?<\/p>\n
Korea Investment Holdings, the parent group of Korea Investment & Securities, said the company and Atlas Capital Management (a U.S-based investment manager) established a joint venture \u00af K-Atlas Advisors \u00af in Singapore. The firm launched an alternative investment product, the K-Atlas Fund, for domestic clients.<\/p>\n
“As part of a comprehensive strategic initiative synchronized with the Capital Market Consolidation Act, K-Atlas will play a pivotal role in developing and marketing proprietary and exclusive products and services to the company’s institutional and retail client bases," said Chris Lee, the newly appointed chief executive officer of K-Atlas Advisors.<\/p>\n