Korea Equity Fund
KEF was delisted on the 17th of July, 2017.
23 hedge funds and large institutions have $53M invested in Korea Equity Fund in 2013 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 4 closing their positions.
14% more capital invested
Capital invested by funds: $46.7M → $53M (+$6.31M)
12% less funds holding
Funds holding: 26 → 23 (-3)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.48M |
| 2 |
Lazard Asset Management
New York
|
+$687K |
| 3 |
Barclays
London,
United Kingdom
|
+$41.1K |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$16.4K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$12.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WG
Winchester Group
New York
|
-$515K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$205K |
| 3 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$123K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$119K |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$62K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| – | -$7K | -941 | Closed |
|
27
Ameriprise
Minneapolis,
Minnesota
| – | -$5K | -610 | Closed |
|
KEF Hedge Fund Activity: Q3 2013 in Review
23 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Korea Equity Fund (KEF) for Q3 2013, worth a combined $53M — up 14% from $46.7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of KEF and 1 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was City of London Investment Management, adding an estimated $1.48M. The largest seller was Winchester Group, exiting entirely with an estimated $515K sold.
- 23 institutional investors held Korea Equity Fund (KEF) as of Q3 2013, down from 26 in Q2 2013.
- Funds reported $53M of Korea Equity Fund stock for Q3 2013, up 14% quarter-over-quarter.
- 1 fund opened new Korea Equity Fund positions in Q3 2013 and 4 closed out, a net change of -3 holders.
- The largest Korea Equity Fund buyer in Q3 2013 was City of London Investment Management, an estimated $1.48M added.
- The largest Korea Equity Fund seller in Q3 2013 was Winchester Group, an estimated $515K sold.
Based on aggregated 13F filings for Q3 2013.