Korea Equity Fund
KEF was delisted on the 17th of July, 2017.
27 hedge funds and large institutions have $74.9M invested in Korea Equity Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
800% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
42% more funds holding
Funds holding: 19 → 27 (+8)
17% more capital invested
Capital invested by funds: $63.8M → $74.9M (+$11.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.29M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$6.67M |
| 3 |
AGM
Alpine Global Management
New York
|
+$2.54M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.7M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$22.4M |
| 2 |
Lazard Asset Management
New York
|
-$1.65M |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$283K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$22.3K |
| 5 |
Morgan Stanley
New York
|
-$2.48K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
26
Highlander Capital Management
Short Hills,
New Jersey
| $6K | – | – | – |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$1.04K | +127 | New |
|
|
IA
28
Icon Advisers
Greenwood Village,
Colorado
| – | -$283K | -38,250 | Closed |
|
KEF Hedge Fund Activity: Q1 2017 in Review
27 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Korea Equity Fund (KEF) for Q1 2017, worth a combined $74.9M — up 17% from $63.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new KEF positions and 1 closed out — a net gain of 8 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $7.29M. The largest seller was City of London Investment Management, cutting an estimated $22.4M.
- 27 institutional investors held Korea Equity Fund (KEF) as of Q1 2017, up from 19 in Q4 2016.
- Funds reported $74.9M of Korea Equity Fund stock for Q1 2017, up 17% quarter-over-quarter.
- 9 funds opened new Korea Equity Fund positions in Q1 2017 and 1 closed out, a net change of +8 holders.
- The largest Korea Equity Fund buyer in Q1 2017 was Karpus Investment Management, an estimated $7.29M added.
- The largest Korea Equity Fund seller in Q1 2017 was City of London Investment Management, an estimated $22.4M sold.
Based on aggregated 13F filings for Q1 2017.