Following the pact with Woori, Skybridge can now distribute its hedge fund products into South Korea and Asia more broadly.

As part of the arrangement, Woori has allocated capital to a SkyBridge fund of hedge funds vehicle. 

Woori I&S offers services including wealth management, investment banking and prime brokerage. It has client assets of W148.9 trillion (about $107 billion), and serves domestic clients, and foreign clients via 13 overseas offices and subsidiaries.

“Investors in this region are seeking to diversify portfolios to include more alternative investment options,” Eun Soo Kim, head of global division for Woori I&S, said. “We believe that SkyBridge’s thoughtful, thematic investment strategy and high-conviction approach to alpha generation will help us to provide our clients with a high-quality hedge fund investment option.”