FRM to launch alternatives platform with IBK Securities
IBK Securities will be the first Korean securities company to co-brand a hedge-fund platform with a foreign alternative-investment firm.
Seoul-based IBK Securities has partnered with London-based Financial Risk Management (FRM) to set up a fund of hedge funds and distribute fund products in Korea.
Under the memorandum of understanding, IBK Securities will set up an offshore fund of hedge funds tentatively named the IBKS-FRM Fund of Funds. The FoHF platform is slated to go live later this year, with FRM as the investment manager.
The partnership will help IBK build its own expertise in the area of alternative investment…
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