First public hedge fund product readied in Korea

Samsung and Citibank are teaming up to introduce a product based on a Hedge Fund Research index.

Korea's retail investors will soon have an opportunity to invest in a hedge fund product. Citibank plans to distribute a product managed by Samsung Investment Trust Management Company based on Chicago-based Hedge Fund Research's global index. To date, hedge funds have only been available in Korea on a private placement basis.

Last year's Asset Management Business Act allowed onshore fund products to include derivatives against stocks, bonds, commodities and indices. That has paved the way for innovative products...

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