Korea Equity Fund
KEF was delisted on the 17th of July, 2017.
18 hedge funds and large institutions have $53.3M invested in Korea Equity Fund in 2014 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 6 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
1.3% more ownership
Funds ownership: 69.74% → 71.04% (+1.3%)
5% less capital invested
Capital invested by funds: $56.2M → $53.3M (-$2.89M)
25% less funds holding
Funds holding: 24 → 18 (-6)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.86M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$98.9K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
+$47.1K |
| 4 |
Citigroup
New York
|
+$16.7K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$4.71K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$622K |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$156K |
| 3 |
Morgan Stanley
New York
|
-$103K |
| 4 |
OC
Oppenheimer & Co
New York
|
-$86K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$54K |
KEF Hedge Fund Activity: Q4 2014 in Review
18 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Korea Equity Fund (KEF) for Q4 2014, worth a combined $53.3M — down 5.1% from $56.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of KEF and 2 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 4 added.
The largest buyer was City of London Investment Management, adding an estimated $1.86M. The largest seller was Lazard Asset Management, cutting an estimated $622K.
- 18 institutional investors held Korea Equity Fund (KEF) as of Q4 2014, down from 24 in Q3 2014.
- Funds reported $53.3M of Korea Equity Fund stock for Q4 2014, down 5.1% quarter-over-quarter.
- 2 funds opened new Korea Equity Fund positions in Q4 2014 and 6 closed out, a net change of -4 holders.
- The largest Korea Equity Fund buyer in Q4 2014 was City of London Investment Management, an estimated $1.86M added.
- The largest Korea Equity Fund seller in Q4 2014 was Lazard Asset Management, an estimated $622K sold.
Based on aggregated 13F filings for Q4 2014.