Foreign Hedge Fund
A hedge fund management firm under Franklin Templeton is coming to Korea next year.
News of the hedge fund launching in Korea is gathering industry-wide attention, as Franklin Templeton has an influential position in the domestic bond markets.
As domestic institutional investors start to add alternative investments to their portfolio of stocks and bonds, the market for funds of hedge funds is growing, and Franklin Templeton has started to make a move.
“K2 Advisor, which has US$8.7 billion [9.4 trillion won] of fund capital, is preparing to launch a hedge fund next year,” said Franklin Templeton personnel on September 12. According to Institutional Investor data, it is ranked 19th in the global market of funds of hedge funds. K2 Advisor is mainly targeting Korean institutional investors.