Korea Equity Fund
KEF was delisted on the 17th of July, 2017.
24 hedge funds and large institutions have $50.2M invested in Korea Equity Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 8 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 27 → 24 (-3)
33% less capital invested
Capital invested by funds: $74.9M → $50.2M (-$24.7M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.09M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.98M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$3.76M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$1.98M |
| 5 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$13.1M |
| 2 |
COLIM
City of London Investment Management
London,
United Kingdom
|
-$12.2M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7.8M |
| 4 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$2.01M |
| 5 |
AGM
Alpine Global Management
New York
|
-$837K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
COLIM
26
City of London Investment Management
London,
United Kingdom
| – | -$12.2M | -1,386,908 | Closed |
|
|
KIM
27
Karpus Investment Management
Pittsford,
New York
| – | -$7.8M | -887,871 | Closed |
|
|
GFM
28
Gramercy Funds Management
Greenwich,
Connecticut
| – | -$2.01M | -228,456 | Closed |
|
|
AA
29
Ancora Advisors
Cleveland,
Ohio
| – | -$311K | -35,380 | Closed |
|
|
FWSM
30
First Wilshire Securities Management
Pasadena,
California
| – | -$156K | -17,762 | Closed |
|
31
Creative Planning
Overland Park,
Kansas
| – | -$56K | -6,327 | Closed |
|
32
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -127 | Closed |
|
KEF Hedge Fund Activity: Q2 2017 in Review
24 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Korea Equity Fund (KEF) for Q2 2017, worth a combined $50.2M — down 33% from $74.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of KEF and 5 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 8 added.
The largest buyer was Credit Suisse, adding an estimated $5.09M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $13.1M sold.
- 24 institutional investors held Korea Equity Fund (KEF) as of Q2 2017, down from 27 in Q1 2017.
- Funds reported $50.2M of Korea Equity Fund stock for Q2 2017, down 33% quarter-over-quarter.
- 5 funds opened new Korea Equity Fund positions in Q2 2017 and 8 closed out, a net change of -3 holders.
- The largest Korea Equity Fund buyer in Q2 2017 was Credit Suisse, an estimated $5.09M added.
- The largest Korea Equity Fund seller in Q2 2017 was Lazard Asset Management, an estimated $13.1M sold.
Based on aggregated 13F filings for Q2 2017.