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Samsung Asset plans global macro fund
Published Wed, Jun 1, 2016 · 09:50 PM
Hong Kong
SAMSUNG Asset Management, the South Korean manager that oversees US$1 billion in hedge fund assets, will start a global macro fund in the next quarter as it seeks to diversify outside of its home market.
The fund, yet to be named, will start with US$20 million and seek to profit from broad trends in currency, stock, bond and commodity markets, Yoonho Heo, head of the firm's hedge fund division, said in Seoul.
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