Feb
26
Samsung’s Hedge Fund Does Better When Samsung Shares Falter
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Samsung Electronics’ success can hurt hedge fund returns
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Samsung hedge fund says group name is also double-edged sword
For Samsung’s $1 billion hedge fund, the looming presence of Samsung Electronics Co. — and even the Korean conglomerate’s name — can be part of the challenge.
Samsung Hedge Asset Management Co. rose 3.4 percent last year for its worst annual return since its inception in 2011, in part because Samsung Electronics’ shares became so popular that investors pulled cash from the smaller stocks that the money manager often favors. The hedge fund is predicting that trend will reverse this year and a rally at Korea’s largest companies will fade, Samsung Hedge Chief Executive Officer Yoonho Heo says…
Samsung’s Hedge Fund Does Better When Samsung Shares Falter
