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About the company
Weiss Korea Opportunity Fund Ltd. is a closed-ended investment company. The investment objective and investment policy of the Company is to provide shareholders with an attractive return on their investment, predominantly through long-term capital appreciation, by investing primarily in listed South Korean preference shares. Specifically, the Company invests primarily in listed preference shares issued by companies incorporated in South Korea (Korea), which in many cases trade at a discount to the corresponding common shares of the same companies. The Company may, in accordance with its investment policy, also invest some portion of its assets in other securities, including exchange-traded funds, futures contracts, options, swaps and derivatives related to Korean equities, and cash and cash equivalents. The Company does not have any concentration limits. The Company’s alternative investment fund manager is Weiss Asset Management LP.
- Revenue in GBP (TTM)11.51m
- Net income in GBP6.84m
- Incorporated2013
- Employees0.00
- LocationWeiss Korea Opportunity OrdTrafalgar Court, Les BanquesPO Box 255SAINT PETER PORT GY1 3QLGuernseyGGY
- Phone+44 1 481745001Fax+44 1 481745051
- Websitehttp://www.weisskoreaopportunityfund.com/
Profile
| Management group(s) | Weiss Asset Management LP |
|---|---|
| AIC sector | Country Specialist |
| ISIN | GG00B933LL68 |
| Launch date | 14 May 2013 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The investment objective is to provide shareholders with an attractive return on their investment, predominantly through long-term capital appreciation. The company is geographically focussed on South Korean companies. Specifically companies invest primarily in listed preferred shares issued by companies incorporated in South Korea, which in many cases have traded and continue to trade at a discount to the corresponding common shares of the same companies.
Managed by
| Andrew Weiss, Ethan Lim |
|---|
Management & contract fees
Management fee of 1.5% p.a. of the NAV. No performance fee. Contract terminable on 12 months notice.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| CT UK High Income Trust PLC | 13.29m | 11.22m |
| VietNam Holding Ltd | 23.41m | 20.22m |
| Us Solar Fund PLC | -9.16m | -14.18m |
| Albion KAY VCT PLC | 11.22m | 8.53m |
| Octopus AIM VCT plc | -14.83m | -17.73m |
| VPC Specialty Lending Investments PLC | -24.40m | -31.27m |
| Weiss Korea Opportunity Fund Ltd | 11.51m | 6.84m |
| Northern Venture Trust plc | 5.92m | 3.22m |
| Amati AIM VCT PLC | -8.06m | -10.96m |
| Atrato Onsite Energy PLC | 4.84m | 2.07m |
| Harmony Energy Income Trust PLC | -26.29m | -29.08m |
| Molten Ventures VCT PLC | -5.00m | -8.05m |
| Rights and Issues Investment Trust PLC | 18.31m | 17.08m |
| Northern 2 VCT plc | 5.51m | 2.85m |
| CQS Natural Rsrcs Grwth Inc PLC | -9.74m | -13.69m |
| Northern 3 VCT PLC | 5.76m | 3.04m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| City of London Investment Management Co. Ltd.as of 16 May 2024 | 14.74m | 21.28% |
| Van Lanschot Kempen Investment Management NVas of 30 Jun 2024 | 10.13m | 14.62% |
| Degroof Petercam Asset Management SAas of 31 Dec 2022 | 10.13m | 14.62% |
| Merrill Lynch International (Investment Management)as of 31 Dec 2022 | 7.00m | 10.11% |
| Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 Jun 2024 | 5.23m | 7.55% |
| JBF Capital, Inc.as of 31 Dec 2022 | 4.26m | 6.15% |
| Mount Capital Ltd.as of 31 Dec 2022 | 2.53m | 3.66% |
| Jupiter Asset Management Ltd.as of 30 Apr 2024 | 850.00k | 1.23% |
| Unicorn Asset Management Ltd.as of 01 Jun 2024 | 800.00k | 1.16% |
| CG Asset Management Ltd.as of 30 Jun 2024 | 768.19k | 1.11% |
