Samsung teams up with Man for alternatives push
Samsung Securities will distribute hedge funds and funds of hedge funds for Man Investments and may advise on using such products in its wrap accounts.
Samsung Securities has reached an agreement with Man Investments to distribute the hedge-fund group's products to Korean investors.
Man is looking at registering its products with Korea's Financial Supervisory Service (FSS), when regulations allow. (Today FRM, another global provider of funds of hedge funds, has an onshore presence.)
The terms of the deal have not been made public. It is part of a trend, with other Korean financial institutions said to be striking similar deals with…
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