Jul
01
One of Hottest Hedge Funds in Korea Returns 14% as Stocks Slide
By-
Timefolio Asset hedge funds attracted $1.3 billion in 2 years
- Main fund is long-short strategy focused on Korean equities
A hedge fund firm is causing a stir among investors in South Korea, delivering strong returns even as the stock market declines and attracting a flood of money.
Timefolio Asset Management has gained almost 14 percent this year in its main fund, which combines a long-short strategy focused on South Korean equities and alternative investments, Joosang Lee, a managing director at the firm, said in an interview in Seoul. The country’s benchmark Kospi index is down 5.7 percent in 2018…
One of Hottest Hedge Funds in Korea Returns 14% as Stocks Slide
